Regency Centers (REG) 10-Q 3 May 24 2024 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Mar. 31, 2024	May 01, 2024
Document Information [Line Items]
Entity Registrant Name	REGENCY CENTERS CORPORATION
Entity Central Index Key	0000910606
Document Type	10-Q
Document Period End Date	Mar. 31, 2024
Amendment Flag	false
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	Q1
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Emerging Growth Company	false
Entity Small Business	false
Entity Shell Company	false
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding		184,779,092
Entity File Number	1-12298
Entity Tax Identification Number	59-3191743
Entity Address, Address Line One	One Independent Drive
Entity Address, Address Line Two	Suite 114
Entity Address, City or Town	Jacksonville
Entity Address, State or Province	FL
Entity Address, Postal Zip Code	32202
City Area Code	904
Local Phone Number	598-7000
Document Quarterly Report	true
Document Transition Report	false
Entity Incorporation, State or Country Code	FL
Common Stock [Member]
Document Information [Line Items]
Trading Symbol	REG
Title of 12(b) Security	Common Stock, $0.01 par value
Security Exchange Name	NASDAQ
6.250% Series A Cumulative Redeemable Preferred Stock [Member]
Document Information [Line Items]
Trading Symbol	REGCP
Title of 12(b) Security	6.250% Series A Cumulative Redeemable Preferred Stock, par value $0.01 per share
Security Exchange Name	NASDAQ
5.875% Series B Cumulative Redeemable Preferred Stock [Member]
Document Information [Line Items]
Trading Symbol	REGCO
Title of 12(b) Security	5.875% Series B Cumulative Redeemable Preferred Stock, par value $0.01 per share
Security Exchange Name	NASDAQ
Partnership Interest [Member]
Document Information [Line Items]
Entity Registrant Name	REGENCY CENTERS, L.P.
Entity Central Index Key	0001066247
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Emerging Growth Company	false
Entity Small Business	false
Entity Shell Company	false
Entity Filer Category	Non-accelerated Filer
Entity File Number	0-24763
Entity Tax Identification Number	59-3429602
Entity Address, Address Line One	One Independent Drive
Entity Address, Address Line Two	Suite 114
Entity Address, City or Town	Jacksonville
Entity Address, State or Province	FL
Entity Address, Postal Zip Code	32202
City Area Code	904
Local Phone Number	598-7000
Document Quarterly Report	true
Document Transition Report	false
Entity Incorporation, State or Country Code	DE

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Net real estate investments:
Real estate assets, at cost	$ 13,456,499	$ 13,454,391
Less: accumulated depreciation	2,748,712	2,691,386
Real estate assets, net	10,707,787	10,763,005
Investments in sales-type lease, net	11,532	8,705
Investments in real estate partnerships	368,709	370,605
Net real estate investments	11,088,028	11,142,315
Properties held for sale, net	33,572	18,878
Cash, cash equivalents, and restricted cash, including $5,401 and $6,383 of restricted cash at March 31, 2024 and December 31, 2023, respectively	230,101	91,354
Tenant and other receivables, net	229,407	206,162
Deferred leasing costs, less accumulated amortization of $125,643 and $124,107 at March 31, 2024 and December 31, 2023, respectively	77,484	73,398
Acquired lease intangible assets, less accumulated amortization of $364,829 and $364,413 at March 31, 2024 and December 31, 2023, respectively	266,831	283,375
Right of use assets, net	326,047	328,002
Other assets	399,433	283,429
Total assets	12,650,903	12,426,913
Liabilities:
Notes payable, net	4,387,181	4,001,949
Unsecured credit facility	30,000	152,000
Accounts payable and other liabilities	344,641	358,612
Acquired lease intangible liabilities, less accumulated amortization of $202,474 and $211,067 at March 31, 2024 and December 31, 2023, respectively	389,908	398,302
Lease liabilities	245,235	246,063
Tenants' security, escrow deposits and prepaid rent	75,919	78,052
Total liabilities	5,472,884	5,234,978
Commitments and contingencies
Shareholders' equity/Partners' capital:
Preferred stock $0.01 par value per share, 30,000,000 shares authorized; 9,000,000 and shares issued and outstanding, in the aggregate, in Series A and Series B at March 31, 2024 and December 31, 2023 with liquidation preference of $25 per share	225,000	225,000
Common stock $0.01 par value per share, 220,000,000 shares authorized; 184,774,486 and 184,581,070 shares issued and outstanding at March 31, 2024 and December 31, 2023, respectively	1,848	1,846
Treasury stock at cost, 452,690 and 448,140 shares held at March 31, 2024 and December 31, 2023, respectively	(26,321)	(25,488)
Additional paid-in-capital	8,703,756	8,704,240
Accumulated other comprehensive income (loss)	4,465	(1,308)
Distributions in excess of net income	(1,889,037)	(1,871,603)
Total shareholders' equity	7,019,711	7,032,687
Noncontrolling interests:
Exchangeable operating partnership units, aggregate redemption value of $66,587 and $74,199 at March 31, 2024 and December 31, 2023, respectively	41,606	42,195
Limited partners' interests in consolidated partnerships	116,702	117,053
Total noncontrolling interests	158,308	159,248
Total equity	7,178,019	7,191,935
Total liabilities and equity	12,650,903	12,426,913
Partnership Interest [Member]
Net real estate investments:
Real estate assets, at cost	13,456,499	13,454,391
Less: accumulated depreciation	2,748,712	2,691,386
Real estate assets, net	10,707,787	10,763,005
Investments in sales-type lease, net	11,532	8,705
Investments in real estate partnerships	368,709	370,605
Net real estate investments	11,088,028	11,142,315
Properties held for sale, net	33,572	18,878
Cash, cash equivalents, and restricted cash, including $5,401 and $6,383 of restricted cash at March 31, 2024 and December 31, 2023, respectively	230,101	91,354
Tenant and other receivables, net	229,407	206,162
Deferred leasing costs, less accumulated amortization of $125,643 and $124,107 at March 31, 2024 and December 31, 2023, respectively	77,484	73,398
Acquired lease intangible assets, less accumulated amortization of $364,829 and $364,413 at March 31, 2024 and December 31, 2023, respectively	266,831	283,375
Right of use assets, net	326,047	328,002
Other assets	399,433	283,429
Total assets	12,650,903	12,426,913
Liabilities:
Notes payable, net	4,387,181	4,001,949
Unsecured credit facility	30,000	152,000
Accounts payable and other liabilities	344,641	358,612
Acquired lease intangible liabilities, less accumulated amortization of $202,474 and $211,067 at March 31, 2024 and December 31, 2023, respectively	389,908	398,302
Lease liabilities	245,235	246,063
Tenants' security, escrow deposits and prepaid rent	75,919	78,052
Total liabilities	5,472,884	5,234,978
Commitments and contingencies
Shareholders' equity/Partners' capital:
Preferred units $0.01 par value per unit, 30,000,000 units authorized; 9,000,000 units issued and outstanding, in the aggregate, in Series A and Series B at March 31, 2024 and December 31, 2023 with liquidation preference of $25 per unit	225,000	225,000
General partner's common units, 184,774,486 and 184,581,070 units issued and outstanding at March 31,2024 and December 31,2023, respectively	6,790,246	6,808,995
Limited partners' common units, 1,099,516 and 1,107,454 units issued and outstanding at March 31, 2024 and December 31, 2023 respectively	41,606	42,195
Accumulated other comprehensive income (loss)	4,465	(1,308)
Total partners' capital	7,061,317	7,074,882
Noncontrolling interests:
Limited partners' interests in consolidated partnerships	116,702	117,053
Total capital	7,178,019	7,191,935
Total liabilities and equity	$ 12,650,903	$ 12,426,913

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Restricted cash and cash equivalent	$ 5,401	$ 6,383
Deferred costs accumulated amortization	125,643	124,107
Accumulated amortization of acquired lease intangible assets	364,829	364,413
Accumulated accretion of acquired lease intangible liabilities	$ 202,474	$ 211,067
Preferred stock, par value per share	$ 0.01	$ 0.01
Preferred stock, shares authorized	30,000,000	30,000,000
Preferred stock, shares issued	9,000,000	9,000,000
Preferred stock, shares outstanding	9,000,000	9,000,000
Preferred stock, liquidation preferences	$ 25	$ 25
Common stock, par value per share	$ 0.01	$ 0.01
Common stock, shares authorized	220,000,000	220,000,000
Common stock, shares issued	184,774,486	184,581,070
Common stock, shares outstanding	184,774,486	184,581,070
Treasury stock, shares held at cost	452,690	448,140
Exchangeable operating partnership units aggregate redemption value	$ 66,587	$ 74,199
Partnership Interest [Member]
Restricted cash and cash equivalent	5,401	6,383
Deferred costs accumulated amortization	125,643	124,107
Accumulated amortization of acquired lease intangible assets	364,829	364,413
Accumulated accretion of acquired lease intangible liabilities	$ 202,474	$ 211,067
Preferred stock, par value per units	$ 0.01	$ 0.01
Preferred units, authorized	30,000,000	30,000,000
Preferred units, issued	9,000,000	9,000,000
Preferred units, outstanding	9,000,000	9,000,000
Preferred units of general partner units, outstanding	9,000,000	9,000,000
Preferred units of general partner units, liquidation preferences	$ 25	$ 25
General partner units, issued	184,774,486	184,581,070
General partner units, outstanding	184,774,486	184,581,070
Limited partner units, issued	1,099,516	1,107,454
Limited partner units, outstanding	1,099,516	1,107,454

Consolidated Statements of Oper

Consolidated Statements of Operations (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Revenues:
Lease income	$ 353,106	$ 308,801
Other property income	4,350	3,138
Management, transaction, and other fees	6,396	6,038
Total revenues	363,852	317,977
Operating expenses:
Depreciation and amortization	97,585	82,707
Property operating expense	63,274	51,022
Real estate taxes	44,307	38,477
General and administrative	26,132	25,280
Other operating expenses (income)	2,643	(497)
Total operating expenses	233,941	196,989
Other expense, net:
Interest expense, net	42,868	36,393
Gain on sale of real estate, net of tax	(11,403)	(250)
Loss on early extinguishment of debt	180
Net investment income	(2,431)	(1,727)
Total other expense, net	29,214	34,416
Income before equity in income of investments in real estate partnerships	100,697	86,572
Equity in income of investments in real estate partnerships	11,961	11,916
Net income	112,658	98,488
Noncontrolling interests:
Exchangeable operating partnership units	(642)	(420)
Limited partners' interests in consolidated partnerships	(2,242)	(787)
Net income attributable to noncontrolling interests	(2,884)	(1,207)
Net income attributable to the Company/ Partnership	109,774	97,281
Preferred stock dividends	(3,413)
Net income attributable to common shareholders	$ 106,361	$ 97,281
Net income per common share - basic	$ 0.58	$ 0.57
Net income per common share - diluted	$ 0.58	$ 0.57
Partnership Interest [Member]
Revenues:
Lease income	$ 353,106	$ 308,801
Other property income	4,350	3,138
Management, transaction, and other fees	6,396	6,038
Total revenues	363,852	317,977
Operating expenses:
Depreciation and amortization	97,585	82,707
Property operating expense	63,274	51,022
Real estate taxes	44,307	38,477
General and administrative	26,132	25,280
Other operating expenses (income)	2,643	(497)
Total operating expenses	233,941	196,989
Other expense, net:
Interest expense, net	42,868	36,393
Gain on sale of real estate, net of tax	(11,403)	(250)
Loss on early extinguishment of debt	180
Net investment income	(2,431)	(1,727)
Total other expense, net	29,214	34,416
Income before equity in income of investments in real estate partnerships	100,697	86,572
Equity in income of investments in real estate partnerships	11,961	11,916
Net income	112,658	98,488
Noncontrolling interests:
Limited partners' interests in consolidated partnerships	(2,242)	(787)
Net income attributable to noncontrolling interests	(2,242)	(787)
Net income attributable to the Company/ Partnership	110,416	97,701
Preferred unit distributions	(3,413)
Net income attributable to common unit holders	$ 107,003	$ 97,701
Net income per common unit - basic	$ 0.58	$ 0.57
Net income per common unit - diluted	$ 0.58	$ 0.57

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Net income	$ 112,658	$ 98,488
Other comprehensive income (loss):
Effective portion of change in fair value of derivative instruments	8,593	(2,736)
Reclassification adjustment of derivative instruments included in net income	(2,367)	(1,492)
Unrealized (loss) gain on available-for-sale debt securities	(119)	192
Other comprehensive income (loss)	6,107	(4,036)
Comprehensive income	118,765	94,452
Less: comprehensive income attributable to noncontrolling interests:
Net income attributable to noncontrolling interests	2,884	1,207
Other comprehensive income (loss) attributable to noncontrolling interests	334	(403)
Comprehensive income attributable to noncontrolling interests	3,218	804
Comprehensive income attributable to the Company	115,547	93,648
Partnership Interest [Member]
Net income	112,658	98,488
Other comprehensive income (loss):
Effective portion of change in fair value of derivative instruments	8,593	(2,736)
Reclassification adjustment of derivative instruments included in net income	(2,367)	(1,492)
Unrealized (loss) gain on available-for-sale debt securities	(119)	192
Other comprehensive income (loss)	6,107	(4,036)
Comprehensive income	118,765	94,452
Less: comprehensive income attributable to noncontrolling interests:
Net income attributable to noncontrolling interests	2,242	787
Other comprehensive income (loss) attributable to noncontrolling interests	299	(387)
Comprehensive income attributable to noncontrolling interests	2,541	400
Comprehensive income attributable to the Company	$ 116,224	$ 94,052

Consolidated Statements of Equi

Consolidated Statements of Equity (Unaudited) - USD ($) $ in Thousands	Total	Preferred Stock [Member]	Common Stock [Member]	Treasury Stock [Member]	Additional Paid-in Capital [Member]	Accumulated Other Comprehensive Income (Loss) [Member]	Distributions in Excess of Net Income [Member]	Total Shareholders' Equity [Member]	Noncontrolling Interests Exchangeable Operating Partnership Units [Member]	Noncontrolling Interests in Limited Partners' Interest in Consolidated Partnerships [Member]	Total Noncontrolling Interest [Member]
Beginning Balance at Dec. 31, 2022	$ 6,178,039		$ 1,711	$ (24,461)	$ 7,877,152	$ 7,560	$ (1,764,977)	$ 6,096,985	$ 34,489	$ 46,565	$ 81,054
Net income	98,488						97,281	97,281	420	787	1,207
Other comprehensive income (loss)
Other comprehensive income before reclassification	(2,544)					(2,316)		(2,316)	(11)	(217)	(228)
Amounts reclassified from accumulated other comprehensive income (loss)	(1,492)					(1,317)		(1,317)	(5)	(170)	(175)
Deferred compensation plan, net				(1,238)	1,238
Restricted stock issued, net of amortization	4,819		2		4,817			4,819
Common stock repurchased for taxes withheld for stock based compensation, net	(6,920)				(6,920)			(6,920)
Common stock repurchased and retired	(20,006)		(3)		(20,003)			(20,006)
Common stock issued under dividend reinvestment plan	142				142			142
Contributions from partners	1,777									1,777	1,777
Distributions to partners	(1,039)									(1,039)	(1,039)
Cash dividends declared - common stock/unit	(111,829)						(111,347)	(111,347)	(482)		(482)
Ending Balance at Mar. 31, 2023	6,139,435		1,710	(25,699)	7,856,426	3,927	(1,779,043)	6,057,321	34,411	47,703	82,114
Beginning Balance at Dec. 31, 2023	7,191,935	$ 225,000	1,846	(25,488)	8,704,240	(1,308)	(1,871,603)	7,032,687	42,195	117,053	159,248
Net income	112,658						109,774	109,774	642	2,242	2,884
Other comprehensive income (loss)
Other comprehensive income before reclassification	8,474					7,987		7,987	48	439	487
Amounts reclassified from accumulated other comprehensive income (loss)	(2,367)					(2,214)		(2,214)	(13)	(140)	(153)
Deferred compensation plan, net				(833)	833
Restricted stock issued, net of amortization	6,576		2		6,574			6,576
Common stock repurchased for taxes withheld for stock based compensation, net	(8,578)				(8,578)			(8,578)
Common stock issued under dividend reinvestment plan	158				158			158
Common stock issued for exchangeable operating partnership units					529			529	(529)		(529)
Contributions from partners	1,472									1,472	1,472
Distributions to partners	(4,364)									(4,364)	(4,364)
Cash dividends declared - preferred stock/unit	(3,413)						(3,413)	(3,413)
Cash dividends declared - common stock/unit	(124,532)						(123,795)	(123,795)	(737)		(737)
Ending Balance at Mar. 31, 2024	$ 7,178,019	$ 225,000	$ 1,848	$ (26,321)	$ 8,703,756	$ 4,465	$ (1,889,037)	$ 7,019,711	$ 41,606	$ 116,702	$ 158,308

Consolidated Statements of Eq_2

Consolidated Statements of Equity (Unaudited) (Parenthetical) - $ / shares		3 Months Ended
	May 02, 2023	Mar. 31, 2024	Mar. 31, 2023
Statement of Stockholders' Equity [Abstract]
Common stock/unit per share	$ 0.65	$ 0.67	$ 0.65

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Cash flows from operating activities:
Net income	$ 112,658	$ 98,488
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	97,585	82,707
Amortization of deferred loan costs and debt premiums	2,762	1,490
Accretion of above and below market lease intangibles, net	(5,287)	(5,478)
Stock-based compensation, net of capitalization	6,294	4,810
Equity in income of investments in real estate partnerships	(11,961)	(11,916)
Gain on sale of real estate, net of tax	(11,403)	(250)
Loss on early extinguishment of debt	180
Distribution of earnings from investments in real estate partnerships	16,960	14,524
Deferred compensation expense	2,089	1,448
Realized and unrealized gain on investments	(2,358)	(1,674)
Changes in assets and liabilities:
Tenant and other receivables	1,220	6,710
Deferred leasing costs	(3,714)	(672)
Other assets	(15,724)	(12,631)
Accounts payable and other liabilities	(19,410)	(20,858)
Tenants' security, escrow deposits and prepaid rent	(2,133)	5,401
Net cash provided by operating activities	167,758	162,099
Cash flows from investing activities:
Real estate development and capital improvements	(60,850)	(44,569)
Proceeds from sale of real estate	30,033	3,603
Proceeds from property insurance casualty claims	4,110
Issuance of notes receivable	(29,830)
Collection of notes receivable	1,561
Investments in real estate partnerships	(4,156)	(604)
Return of capital from investments in real estate partnerships	3,152
Dividends on investment securities	122	187
Acquisition of investment securities	(92,527)	(2,171)
Proceeds from sale of investment securities	6,049	4,504
Net cash used in investing activities	(142,336)	(39,050)
Cash flows from financing activities:
Repurchase of common shares in conjunction with equity award plans	(8,730)	(7,066)
Common shares repurchased through share repurchase program		(20,006)
Proceeds from sale of treasury stock	210	2
Contributions from limited partners in consolidated partnerships	1,472	738
Distributions to limited partners in consolidated partnerships	(4,364)
Distributions to exchangeable operating partnership unit holders	(742)	(482)
Dividends paid to common shareholders	(123,507)	(111,085)
Dividends paid to preferred unit holders/shareholders	(3,413)
Proceeds from issuance of fixed rate unsecured notes, net of debt discount	398,468
Proceeds from unsecured credit facilities	132,419	115,000
Repayment of unsecured credit facilities	(254,419)	(85,000)
Proceeds from notes payable		15,500
Repayment of notes payable	(7,597)	(28,306)
Scheduled principal payments	(3,183)	(2,836)
Payment of loan costs	(13,289)	(141)
Net cash provided by (used in) financing activities	113,325	(123,682)
Net increase (decrease) in cash and cash equivalents and restricted cash	138,747	(633)
Cash and cash equivalents and restricted cash at beginning of the period	91,354	68,776
Cash and cash equivalents and restricted cash at end of the period	230,101	68,143
Supplemental disclosure of cash flow information:
Cash paid for interest (net of capitalized interest of $1,656 and $1,250 in 2024 and 2023, respectively)	47,981	44,107
Cash paid for income taxes, net of refunds	6,070	112
Supplemental disclosure of non-cash transactions:
Common and Preferred stock, and exchangeable operating partnership dividends declared but not paid	126,807	111,829
Right of use assets obtained in exchange for new operating lease liabilities	829
Sale of leased asset in exchange for net investment in sales-type lease	703
Common stock issued for partnership units exchanged	529
Change in accrued capital expenditures	1,619	10,596
Common stock issued under dividend reinvestment plan	158	142
Stock-based compensation capitalized	434	155
Contributions from limited partners in consolidated partnerships	231
Common stock issued for dividend reinvestment in trust	301	303
Contribution of stock awards into trust	1,048	1,201
Distribution of stock held in trust	476	265
Change in fair value of securities	118	243
Partnership Interest [Member]
Cash flows from operating activities:
Net income	112,658	98,488
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	97,585	82,707
Amortization of deferred loan costs and debt premiums	2,762	1,490
Accretion of above and below market lease intangibles, net	(5,287)	(5,478)
Stock-based compensation, net of capitalization	6,294	4,810
Equity in income of investments in real estate partnerships	(11,961)	(11,916)
Gain on sale of real estate, net of tax	(11,403)	(250)
Loss on early extinguishment of debt	180
Distribution of earnings from investments in real estate partnerships	16,960	14,524
Deferred compensation expense	2,089	1,448
Realized and unrealized gain on investments	(2,358)	(1,674)
Changes in assets and liabilities:
Tenant and other receivables	1,220	6,710
Deferred leasing costs	(3,714)	(672)
Other assets	(15,724)	(12,631)
Accounts payable and other liabilities	(19,410)	(20,858)
Tenants' security, escrow deposits and prepaid rent	(2,133)	5,401
Net cash provided by operating activities	167,758	162,099
Cash flows from investing activities:
Real estate development and capital improvements	(60,850)	(44,569)
Proceeds from sale of real estate	30,033	3,603
Proceeds from property insurance casualty claims	4,110
Issuance of notes receivable	(29,830)
Collection of notes receivable	1,561
Investments in real estate partnerships	(4,156)	(604)
Return of capital from investments in real estate partnerships	3,152
Dividends on investment securities	122	187
Acquisition of investment securities	(92,527)	(2,171)
Proceeds from sale of investment securities	6,049	4,504
Net cash used in investing activities	(142,336)	(39,050)
Cash flows from financing activities:
Repurchase of common shares in conjunction with equity award plans	(8,730)	(7,066)
Common shares repurchased through share repurchase program		(20,006)
Proceeds from sale of treasury stock	210	2
Contributions from limited partners in consolidated partnerships	1,472	738
Distributions to limited partners in consolidated partnerships	(4,364)
Dividends paid to common shareholders	(124,249)	(111,567)
Dividends paid to preferred unit holders/shareholders	(3,413)
Proceeds from issuance of fixed rate unsecured notes, net of debt discount	398,468
Proceeds from unsecured credit facilities	132,419	115,000
Repayment of unsecured credit facilities	(254,419)	(85,000)
Proceeds from notes payable		15,500
Repayment of notes payable	(7,597)	(28,306)
Scheduled principal payments	(3,183)	(2,836)
Payment of loan costs	(13,289)	(141)
Net cash provided by (used in) financing activities	113,325	(123,682)
Net increase (decrease) in cash and cash equivalents and restricted cash	138,747	(633)
Cash and cash equivalents and restricted cash at beginning of the period	91,354	68,776
Cash and cash equivalents and restricted cash at end of the period	230,101	68,143
Supplemental disclosure of cash flow information:
Cash paid for interest (net of capitalized interest of $1,656 and $1,250 in 2024 and 2023, respectively)	47,981	44,107
Cash paid for income taxes, net of refunds	6,070	112
Supplemental disclosure of non-cash transactions:
Common and Preferred stock, and exchangeable operating partnership dividends declared but not paid	126,807	111,829
Right of use assets obtained in exchange for new operating lease liabilities	829
Sale of leased asset in exchange for net investment in sales-type lease	703
Common stock issued by Parent Company for partnership units exchanged	529
Change in accrued capital expenditures	1,619	10,596
Common stock issued under dividend reinvestment plan	158	142
Stock-based compensation capitalized	434	155
Contributions from limited partners in consolidated partnerships	231
Common stock issued for dividend reinvestment in trust	301	303
Contribution of stock awards into trust	1,048	1,201
Distribution of stock held in trust	476	265
Change in fair value of securities	$ 118	$ 243

Consolidated Statements of Ca_2

Consolidated Statements of Cash Flows (Unaudited) (Parenthetical) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Capitalized interest	$ 1,656	$ 1,250
Partnership Interest [Member]
Capitalized interest	$ 1,656	$ 1,250

Consolidated Statements of Capi

Consolidated Statements of Capital (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Net income	$ 112,658	$ 98,488
Other comprehensive income (loss)
Amounts reclassified from accumulated other comprehensive income (loss)	(2,367)	(1,492)
Contributions from partners	1,472	1,777
Distributions to partners	(4,364)	(1,039)
Restricted units issued as a result of restricted stock issued by Parent Company, net of amortization	6,576	4,819
Total Partners' Capital [Member]
Net income	109,774	97,281
Other comprehensive income (loss)
Amounts reclassified from accumulated other comprehensive income (loss)	(2,214)	(1,317)
Restricted units issued as a result of restricted stock issued by Parent Company, net of amortization	6,576	4,819
Partnership Interest [Member]
Beginning Balance	7,191,935	6,178,039
Net income	112,658	98,488
Other comprehensive income (loss)
Other comprehensive income (loss) before reclassification	8,474	(2,544)
Amounts reclassified from accumulated other comprehensive income (loss)	(2,367)	(1,492)
Contributions from partners	1,472	1,777
Distributions to partners	(128,896)	(112,868)
Preferred unit distributions	(3,413)
Restricted units issued as a result of restricted stock issued by Parent Company, net of amortization	6,576	4,819
Common units repurchased and retired as a result of common stock repurchased and retired by Parent Company		(20,006)
Common units repurchased as a result of common stock repurchased by Parent Company, net of issuances	(8,420)	(6,778)
Ending Balance	7,178,019	6,139,435
Partnership Interest [Member] | Total Partners' Capital [Member]
Beginning Balance	7,074,882	6,131,474
Net income	110,416	97,701
Other comprehensive income (loss)
Other comprehensive income (loss) before reclassification	8,035	(2,327)
Amounts reclassified from accumulated other comprehensive income (loss)	(2,227)	(1,322)
Distributions to partners	(124,532)	(111,829)
Preferred unit distributions	(3,413)
Restricted units issued as a result of restricted stock issued by Parent Company, net of amortization	6,576	4,819
Common units repurchased and retired as a result of common stock repurchased and retired by Parent Company		(20,006)
Common units repurchased as a result of common stock repurchased by Parent Company, net of issuances	(8,420)	(6,778)
Ending Balance	7,061,317	6,091,732
Partnership Interest [Member] | Accumulated Other Comprehensive Income (Loss) [Member]
Beginning Balance	(1,308)	7,560
Other comprehensive income (loss)
Other comprehensive income (loss) before reclassification	7,987	(2,316)
Amounts reclassified from accumulated other comprehensive income (loss)	(2,214)	(1,317)
Ending Balance	4,465	3,927
Partnership Interest [Member] | Noncontrolling Interests In Limited Partners Interest In Consolidated Partnerships [Member]
Beginning Balance	117,053	46,565
Net income	2,242	787
Other comprehensive income (loss)
Other comprehensive income (loss) before reclassification	439	(217)
Amounts reclassified from accumulated other comprehensive income (loss)	(140)	(170)
Contributions from partners	1,472	1,777
Distributions to partners	(4,364)	(1,039)
Ending Balance	116,702	47,703
Partnership Interest [Member] | General Partner Preferred and Common Units [Member]
Beginning Balance	7,033,995	6,089,425
Net income	109,774	97,281
Other comprehensive income (loss)
Distributions to partners	(123,795)	(111,347)
Preferred unit distributions	(3,413)
Restricted units issued as a result of restricted stock issued by Parent Company, net of amortization	6,576	4,819
Common units repurchased and retired as a result of common stock repurchased and retired by Parent Company		(20,006)
Common units repurchased as a result of common stock repurchased by Parent Company, net of issuances	(8,420)	(6,778)
Exchangeable operating partnership units converted to common stock of Parent Company	529
Ending Balance	7,015,246	6,053,394
Partnership Interest [Member] | Limited Partner [Member]
Beginning Balance	42,195	34,489
Net income	642	420
Other comprehensive income (loss)
Other comprehensive income (loss) before reclassification	48	(11)
Amounts reclassified from accumulated other comprehensive income (loss)	(13)	(5)
Distributions to partners	(737)	(482)
Exchangeable operating partnership units converted to common stock of Parent Company	(529)
Ending Balance	$ 41,606	$ 34,411

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Pay vs Performance Disclosure
Net Income (Loss)	$ 109,774	$ 97,281

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
	Mar. 31, 2024
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false

Organization and Significant Ac

Organization and Significant Accounting Policies	3 Months Ended
	Mar. 31, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Organization and Significant Accounting Policies	1. O rganization and Significant Accounting Policies General Regency Centers Corporation (the "Parent Company") began its operations as a REIT in 1993 and is the general partner of Regency Centers, L.P. (the "Operating Partnership"). The Parent Company primarily engages in the ownership, management, leasing, acquisition, development, and redevelopment of shopping centers through the Operating Partnership and has no other assets other than through its investment in the Operating Partnership. Its only liabilities are $ 200 million of unsecured private placement notes, which are co-issued and guaranteed by the Operating Partnership. The Parent Company guarantees all of the unsecured debt of the Operating Partnership. As of March 31, 2024, the Parent Company, the Operating Partnership, and their controlled subsidiaries on a consolidated basis ow ned 381 properties and held partial interests in an additional 101 properties through unconsolidated Investments in real estate partnerships (also referred to as "joint ventures" or "investment partnerships"). Basis of Presentation The information included in this Report should be read in conjunction with the Company's Annual Report on Form 10-K for the year ended December 31, 2023, as certain disclosures in this Report that would duplicate those included in such Annual Report on Form 10-K are not included in these consolidated financial statements. The consolidated financial statements reflect all adjustments which are, in the opinion of management, necessary to fairly state the results for the interim periods presented. These adjustments are considered to be of a normal recurring nature. Acquisition of Urstadt Biddle Properties Inc. On August 18, 2023 , the Company acquired Urstadt Biddle Properties Inc. ("UBP") which was accounted for as an asset acquisitio n. Under the terms of the merger agreement, each share of Urstadt Biddle common stock and Urstadt Biddle Class A common stock was converted into 0.347 of a share of common stock of the Parent Company. Additionally, each share of UBP’s 6.25 % Series H Cumulative Redeemable Preferred Stock and 5.875 % Series K Cumulative Redeemable Preferred Stock was converted into one share of Parent Company Series A preferred stock and Parent Company Series B preferred stock, respectively. As a result of the acquisition, the Company acquired 74 properties representing 5.3 million square feet of GLA, including 10 properties held through real estate partnerships. See the Company's audited Annual Report on Form 10-K for the year ended December 31, 2023 for further disclosure regarding the acquisition transaction. Risks and Uncertainties The success of the Company's tenants in operating their businesses and their corresponding ability to pay rent continue to be influenced by current economic challenges, which may impact their cost of doing business, including but not limited to the impact of inflation, the cost and availability of labor, increasing energy prices and interest rates, and access to credit. Additionally, geopolitical and macroeconomic challenges, including the war involving Russia and Ukraine, current Middle East conflicts and wars, and the economic conflicts with China, as well as the slowing of its economy, could impact aspects of the U.S. economy and, therefore, consumer spending. The policies implemented by the U.S. government to address these and related issues, including changes by the Board of Governors of the Federal Reserve System of its benchmark federal funds rate, increases in federal government spending, and economic sanctions and tariffs, could result in adverse impacts on the U.S. economy, including a slowing of growth and potentially a recession, thereby impacting consumer spending, tenants' businesses, and/or decreasing future demand for space in shopping centers. The potential impact of current macroeconomic and geopolitical challenges on the Company's financial condition, results of operations, and cash flows is subject to change and continues to depend on the extent and duration of these risks and uncertainties. See Item 1A of Part I of the Company's Annual Report on Form 10-K for a more detailed discussion of the Risk Factors potentially impacting the Company's business and results of operations. Consolidation The Company consolidates properties that are wholly-owned, and properties where it owns less than 100% but holds a controlling financial interest in the partnerships. Controlling financial interest is determined using an evaluation based on accounting standards related to the consolidation of Variable Interest Entities ("VIEs") and voting interest entities. Ownership of the Parent Company The Parent Company has a single class of common stock and two series of preferred stock outstanding. Ownership of the Operating Partnership The Operating Partnership's capital includes Common Units and Preferred Units. As of March 31, 2024, the Parent Company owned approximately 99.4 % of the outstanding Common Units, with the remaining Common Units held by third parties ("Exchangeable operating partnership units" or "EOP units"). The Parent Company currently owns all of the Preferred Units. Real Estate Partnerships As of March 31, 2024, Regency held partial ownership interests in 119 properties through real estate partnerships, of which 18 are consolidated. Regency's partners include institutional investors, real estate developers and/or operators, and passive investors (the "Partners" or "Limited Partners"). These partnerships have been established to own and operate real estate properties. The Company’s involvement with these entities is through its ownership and management of the properties. The entities were deemed VIEs primarily because the unrelated investors do not have substantive kick-out rights to remove the general or managing partner by a vote of a simple majority or less, and they do not have substantive participating rights. Regency has variable interests in these entities through its equity ownership, with Regency being the primary beneficiary in certain of these real estate partnerships. Regency consolidates the partnerships into its financial statements for which it is the primary beneficiary and reports the limited partners' interests as noncontrolling interests. For those partnerships which Regency is not the primary beneficiary and does not have a controlling financial interest, but has significant influence, Regency recognizes its equity investments in them in accordance with the equity method of accounting. The assets of these partnerships are restricted to use by the respective partnerships and cannot be reached by general creditors of the Company. Similarly, the obligations of the partnerships are backed by, and can only be settled through the assets of these partnerships or by additional capital contributions by the partners. The carrying amounts of VIEs' assets and liabilities included in the Company's consolidated financial statements, exclusive of the Operating Partnership, are as follows: (in thousands) March 31, 2024 December 31, 2023 Assets Real estate assets, net $ 276,484 270,674 Cash, cash equivalents and restricted cash 8,324 8,201 Tenant and other receivables, net 4,777 3,883 Deferred costs, net 2,406 2,494 Acquired lease intangible assets, net 11,284 12,099 Right of use assets, net 44,102 44,377 Other assets 1,574 893 Total Assets $ 348,951 342,621 Liabilities Notes payable $ 33,092 33,211 Accounts payable and other liabilities 31,853 29,919 Acquired lease intangible liabilities, net 21,103 21,456 Tenants' security, escrow deposits and prepaid rent 1,112 1,239 Lease liabilities 21,482 21,433 Total Liabilities $ 108,642 107,258 Revenues, and Tenant and other Receivables Other property income includes parking fees and other incidental income from the properties and is generally recognized at the point in time that the performance obligation is met. Income within Management, transaction, and other fees on the Consolidated Statements of Operations is primarily derived from contracts with the Company's real estate partnerships. The primary components of these revenue streams, the timing of satisfying the performance obligations, and amounts are as follows: Three months ended March 31, (in thousands) Timing of satisfaction of performance obligations 2024 2023 Management, transaction, and other fees: Property management services Over time $ 3,961 3,458 Asset management services Over time 1,602 1,629 Leasing services Point in time 574 718 Other fees Point in time 259 233 Total management, transaction, and other fees $ 6,396 6,038 The accounts receivable for management, transactions, and other fees, which are included within Tenant and other receivables in the accompanying Consolidated Balance Sheets, are $ 16.5 million and $ 18.5 million , as of March 31, 2024 and December 31, 2023 , respectively. Recent Accounting Pronouncements The following table provides a brief description of recently adopted accounting pronouncements and impact on our financial statements: Standard Description Earlier of Effective Date or the Date of adoption Effect on the financial statements or other significant matters Recently adopted : ASU 2023-07 , Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures The amendments are aimed at enhancing the disclosures public entities provide regarding significant segment expenses so that investors can “better understand an entity’s overall performance” and assess “potential future cash flows.” January 1, 2024 The standard became effective for the Company on January 1, 2024 and the required disclosures for the Company will begin with its Annual Report on Form 10-K for the fiscal year ending December 31, 2024. The adoption and implementation of this guidance is not expected to have a material impact on the Company’s consolidated financial statements. ASU 2023-09 , Income Taxes (Topic 740): Improvements to Income Tax Disclosures. ASU 2023-09 requires public business entities to disclose additional information in specified categories with respect to the reconciliation of the effective tax rate to the statutory rate for federal, state, and foreign income taxes. It also requires greater detail about individual reconciling items in the rate reconciliation to the extent the impact of those items exceeds a specified threshold. January 1, 2025 The Company will review the extent of new disclosures necessary prior to implementation. O t her than additional disclosure, the adoption of this ASU is not expected to have a material impact on the Company's financial position and/or results of operations.

Real Estate Investments

Real Estate Investments	3 Months Ended
	Mar. 31, 2024
Business Combinations [Abstract]
Real Estate Investments	2. Real Estate Investments The table below details properties acquired during the three months ended March 31, 2024: (in thousands) Three months ended March 31, 2024 Date Purchased Property Name City/State Property Regency Ownership Purchase (1) Debt (1) Intangible (1) Intangible (1) Consolidated 2/23/2024 The Shops at Stone Bridge Cheshire, CT Development 100 % $ 8,000 — — — Total consolidated $ 8,000 — — — (1) Amounts for purchase price and allocation are reflected at 100 %. The Company had no property acquisitions during the three months ended March 31, 2023 .

Property Dispositions and Asset

Property Dispositions and Assets Held for Sale	3 Months Ended
	Mar. 31, 2024
Discontinued Operations and Disposal Groups [Abstract]
Property Dispositions and Assets Held for Sale	3. Property Dispositions and Assets Held for Sale The following table provides a summary of consolidated shopping centers and land parcels sold during the periods set forth below: Three months ended March 31, (in thousands, except number sold data) 2024 2023 Net proceeds from sale of real estate investments $ 30,033 2,923 Gain on sale of real estate, net of tax 11,403 250 Number of operating properties sold 1 — Number of land parcels sold — 1 Percent interest sold 100 % 100 % As of March 31, 2024 the Company had one property held for sale. As of December 31, 2023 the Company had one property held for sale that was subsequently sold during the period as noted in the table above. There were no liabilities associated with the properties classified as held for sale. The following table presents the assets associated with the properties classified as held for sale: (in thousands) March 31, 2024 December 31, 2023 Land and improvements $ 27,003 9,120 Buildings and improvements 9,425 12,551 Less: accumulated depreciation ( 2,928 ) ( 3,461 ) Real estate, net 33,500 18,210 Other assets, net 72 668 Assets associated with real estate assets held for sale $ 33,572 18,878

Other Assets

Other Assets	3 Months Ended
	Mar. 31, 2024
Other Assets [Abstract]
Other Assets	4. Other Assets The following table represents the components of Other assets in the accompanying Consolidated Balance Sheets as of the dates set forth below: (in thousands) March 31, 2024 December 31, 2023 Goodwill $ 167,062 167,062 Investments (1) 140,587 51,992 Prepaid and other 56,937 40,635 Derivative assets 16,711 14,213 Furniture, fixtures, and equipment, net ("FF&E") 6,424 6,662 Deferred financing costs, net (2) 11,712 2,865 Total other assets $ 399,433 283,429 (1) During the three months ended March 31, 2024 , the Company invested approximately $ 90 million in commercial deposits from the proceeds received from the January public offering of senior unsecured notes. (2) The Company incurred additional financing costs related to recasting its Line of Credit. See Note 5 — Notes Payable and Unsecured Credit Facilities for discussion regarding these transactions.

Notes Payable and Unsecured Cre

Notes Payable and Unsecured Credit Facilities	3 Months Ended
	Mar. 31, 2024
Debt Disclosure [Abstract]
Notes Payable and Unsecured Credit Facilities	5. Notes Payable and Unsecured Credit Facilities The Company's outstanding debt, net of unamortized debt premium (discount) and debt issuance costs, consisted of the following as of the dates set forth below: (in thousands) Maturing Weighted Weighted March 31, 2024 December 31, 2023 Notes payable: Fixed rate mortgage loans 6/1/2037 3.8 % 4.4 % $ 439,864 449,615 Variable rate mortgage loans (1) 1/31/2032 4.2 % 4.2 % 298,375 299,579 Fixed rate unsecured debt 3/15/2049 4.0 % 4.1 % 3,648,942 3,252,755 Total notes payable, net 4,387,181 4,001,949 Unsecured credit facilities: $ 1.5 Billion Line of Credit (the "Line") (2) 3/23/2028 6.3 % 6.7 % 30,000 152,000 Total unsecured credit facilities 30,000 152,000 Total debt outstanding $ 4,417,181 4,153,949 (1) As of March 31, 2024, 98.3 % o f the variable rate mortgage loans are fixed through interest rate swaps. (2) The Line is scheduled to mature on March 23, 2028 . The Company has the option to extend the maturity for two additional six-month periods . Weighted average effective rate for the Line is calculated based on a fully drawn Line balance using the period end variable rate. On January 8, 2024, the Company priced a public offering of $ 400 million of senior unsecured notes due in 2034, and the notes were issued on January 18, 2024 at 99.617 % of par value with a coupon of 5.250 %. On January 18, 2024, the Company entered into a Sixth Amended and Restated Credit Agreement (the "Credit Agreement"), with the financial institutions party thereto, as lenders, and Wells Fargo Bank, National Association, as Administrative Agent. The Credit Agreement provides for an unsecured revolving credit facility in the amount of $ 1.50 billion for a term of four years (plus two six-month extension options ) and includes an accordion feature which permits the borrower to request increases in the size of the revolving loan facility by up to an additional $ 1.50 billion. The interest rate on the revolving credit facility is equal to the Secured Overnight Financing Rate ("SOFR") plus a margin that is determined based on the borrower’s long-term unsecured debt ratings and ratio of indebtedness to total asset value. At the time of the closing, the effective interest rate was SOFR plus a credit spread adjustment of 10 basis points plus a margin of 72.5 basis points. The Credit Agreement also incorporates sustainability-linked adjustments to the interest rate, which provide for upward or downward adjustments to the applicable margin if the Company achieves, or fails to achieve, certain specified targets based on Scope 1 and Scope 2 emission standards as set forth in the Credit Agreement. At the time of the closing, a 1 basis point downward sustainability-linked adjustment to the interest rate was applicable. Scheduled principal payments and maturities on notes payable and unsecured credit facilities were as follows: (in thousands) March 31, 2024 Scheduled Principal Payments and Maturities by Year: Scheduled Mortgage Unsecured (1) Total 2024 (2) $ 7,989 133,580 250,000 391,569 2025 9,678 52,537 250,000 312,215 2026 9,920 147,848 200,000 357,768 2027 7,013 222,558 525,000 754,571 2028 5,312 36,570 330,000 371,882 Beyond 5 Years 7,956 106,092 2,150,000 2,264,048 Unamortized debt premium/(discount) and issuance costs — ( 8,814 ) ( 26,058 ) ( 34,872 ) Total $ 47,868 690,371 3,678,942 4,417,181 (1) Includes unsecured public and private debt and unsecured credit facilities. (2) Reflects scheduled principal payments and maturities for the remainder of the year. The Company was in compliance as of March 31, 2024 , with all financial and other covenants under its unsecured public and private placement debt and unsecured credit facilities.

Derivative Financial Instrument

Derivative Financial Instruments	3 Months Ended
	Mar. 31, 2024
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Financial Instruments	6. Derivative Financial Instruments The Company may use derivative financial instruments, including interest rate swaps, caps, options, floors, and other interest rate derivative contracts, to hedge all or a portion of the interest rate risk associated with its borrowings. The principal objective of such arrangements is to minimize the risks and/or costs associated with the Company's operating and financial structure as well as to hedge specific anticipated transactions. The Company does not intend to utilize derivatives for speculative transactions or purposes other than mitigation of interest rate risk. The use of derivative financial instruments carries certain risks, including the risk that the counterparties to these contractual arrangements are not able to perform under the agreements. To mitigate this risk, the Company only enters into derivative financial instruments with counterparties with quality credit ratings. The Company does not anticipate that any of the counterparties will fail to meet their obligations. The Company's objectives in using interest rate derivatives are to attempt to stabilize interest expense where possible and to manage its exposure to interest rate movements. To accomplish this objective, the Company primarily uses interest rate swaps as part of its interest rate risk management strategy. Interest rate swaps designated as cash flow hedges involve the receipt of variable-rate amounts from a counterparty in exchange for the Company making fixed-rate payments over the life of the agreements without exchange of the underlying notional amount. Detail on the Company's interest rate derivatives outstanding as of March 31, 2024 and December 31, 2023 is as follows: Number of Instruments Interest Rate Swaps March 31, 2024 December 31, 2023 Notional amount 323,678 294,928 Number of instruments 16 15 Detail on the fair value of the Company's interest rate derivatives as of March 31, 2024 and December 31, 2023 is as follows: (in thousands) Fair Value Interest rate swaps classified as: March 31, 2024 December 31, 2023 Derivative assets $ 16,711 14,213 Derivative liabilities ( 393 ) ( 1,335 ) These derivative financial instruments are all interest rate swaps, which are designated and qualify as cash flow hedges. The Company does not use derivatives for trading or speculative purposes and, as of March 31, 2024, does not have any derivatives that are not designated as hedges. The changes in the fair value of derivatives designated and qualifying as cash flow hedges are recorded in Accumulated other comprehensive income ("AOCI") and subsequently reclassified into earnings in the period that the hedged forecasted transaction affects earnings. The following table represents the effect of the derivative financial instruments on the accompanying Consolidated Financial Statements: Location and Amount of Gain (Loss) Recognized in OCI on Derivative Location and Amount of Gain (Loss) Reclassified from AOCI into Income Total amounts presented in the Consolidated Statements of Operations in which the effects of cash flow hedges are recorded Three months ended March 31, Three months ended March 31, Three months ended March 31, (in thousands) 2024 2023 2024 2023 2024 2023 Interest rate swaps $ 8,593 ( 2,736 ) Interest income $ ( 2,367 ) ( 1,492 ) Interest expense, net $ 42,868 36,393 As of March 31, 2024, the Company expects approximately $ 6.4 million of accumulated comprehensive income on derivative instruments in AOCI, including the Company's share from its Investments in real estate partnerships, to be reclassified into earnings during the next 12 months.

Leases

Leases	3 Months Ended
	Mar. 31, 2024
Leases [Abstract]
Leases	7. Leases Substantially all of the Company's leases are classified as operating leases. The Company's Lease income is comprised of both fixed and variable income. Fixed and in-substance fixed lease income includes stated amounts per the lease contract, which are primarily related to base rent, and in some cases stated amounts for common area maintenance ("CAM"), real estate taxes, and insurance (collectively, "Recoverable Costs"). Income for these amounts is recognized on a straight-line basis. Variable lease income includes the following two main items in the lease contracts: • Recoveries from tenants represents the tenants' contractual obligations to reimburse the Company for their portion of Recoverable Costs incurred. Generally, the Company's leases provide for the tenants to reimburse the Company based on the tenants' share of the actual costs incurred in proportion to the tenants' share of leased space in the property. • Percentage rent represents amounts billable to tenants based on the tenants' actual sales volume in excess of levels specified in the lease contract. The following table provides a disaggregation of lease income recognized as either fixed or variable lease income based on the criteria specified in ASC Topic 842: (in thousands) Three months ended March 31, 2024 2023 Operating lease income Fixed and in-substance fixed lease income $ 256,626 219,641 Variable lease income 92,290 80,780 Other lease related income, net: Above/below market rent and tenant rent inducement amortization, net 5,823 5,865 Uncollectible straight-line rent (1) ( 400 ) 578 Uncollectible amounts billable in lease (loss) income ( 1,233 ) 1,937 Total lease income $ 353,106 308,801 (1) The amounts include straight-line rent adjustments associated with converting between cash basis and accrual basis accounting for certain leases. The following table represents the components of Tenant and other receivables, net of amounts considered uncollectible, in the accompanying Consolidated Balance Sheets: (in thousands) March 31, 2024 December 31, 2023 Tenant receivables $ 27,357 34,814 Straight-line rent receivables 144,022 138,590 Notes receivable 30,634 2,109 Other receivables (1) 27,394 30,649 Total tenant and other receivables $ 229,407 206,162 (1) Other receivables include construction receivables, insurance receivables, and amounts due from real estate partnerships for Management, transaction, and other fee income. During three months ended March 31, 2024 the Company issued a note receivable in the amount of $ 29.8 million at an interest rate of 6.9 % maturing in January 2027, secured by a grocery-anchored shopping center.

Fair Value Measurements

Fair Value Measurements	3 Months Ended
	Mar. 31, 2024
Fair Value Disclosures [Abstract]
Fair Value Measurements	8. Fair Value Measurements (a) Disclosure of Fair Value of Financial Instruments All financial instruments of the Company are reflected in the accompanying Consolidated Balance Sheets at amounts which, in management's estimation, reasonably approximate their fair values, except those instruments listed below : March 31, 2024 December 31, 2023 (in thousands) Carrying Fair Value Carrying Fair Value Financial assets: Notes receivable (1) $ 30,634 30,634 2,109 2,109 Financial liabilities: Notes payable, net $ 4,387,181 4,143,622 4,001,949 3,763,152 Unsecured credit facilities (1) $ 30,000 30,000 152,000 152,000 (1) The carrying amounts approximated its fair values due to the variable nature of the terms or the timing of issuance. The above fair values represent management's estimate of the amounts that would be received from selling those assets or that would be paid to transfer those liabilities in an orderly transaction between market participants as of March 31, 2024, and December 31, 2023, respectively. These fair value measurements maximize the use of observable inputs which are classified within Level 2 of the fair value hierarchy. However, in situations where there is little, if any, market activity for the asset or liability at the measurement date, the fair value measurement reflects the Company's own judgments about the assumptions that market participants would use in pricing the asset or liability. The Company develops its judgments based on the best information available at the measurement date, including expected cash flows, appropriate risk-adjusted discount rates, and available observable and unobservable inputs. Service providers involved in fair value measurements are evaluated for competency and qualifications on an ongoing basis. As considerable judgment is often necessary to estimate the fair value of these financial instruments, the fair values presented above are not necessarily indicative of amounts that will be realized upon disposition of the financial instruments. (b) Recurring Fair Value The following financial instruments are measured at fair value on a recurring basis: Securities The Company has investments in marketable securities that are included within Other assets on the accompanying Consolidated Balance Sheets. The fair value of the securities was determined using quoted prices in active markets, which are considered Level 1 inputs of the fair value hierarchy. Changes in the value of securities are recorded within Net investment income in the accompanying Consolidated Statements of Operations, and include unrealized gains of $ 2.4 million and $ 1.6 million during the three months ended March 31, 2024 and 2023, respectively. Available-for-Sale Debt Securities Available-for-sale debt securities consist of investments in certificates of deposit and corporate bonds, and are recorded at fair value using either recent trade prices for the identical debt instrument or comparable instruments by issuers of similar industry sector, issuer rating, and size, to estimate fair value, which are considered Level 2 inputs of the fair value hierarchy. Unrealized gains or losses on these debt securities are recognized through Other comprehensive income. Interest Rate Derivatives The fair value of the Company's interest rate derivatives is determined using widely accepted valuation techniques including discounted cash flow analysis on the expected cash flows of each derivative. This analysis reflects the contractual terms of the derivatives, including the period to maturity, and uses observable market-based inputs, including interest rate curves and implied volatilities. The Company incorporates credit valuation adjustments to appropriately reflect both its own nonperformance risk and the respective counterparty's nonperformance risk in the fair value measurements. Although the Company has determined that the majority of the inputs used to value its derivatives fall within Level 2 of the fair value hierarchy, the credit valuation adjustments associated with its derivatives utilize Level 3 inputs, such as estimates of current credit spreads, to evaluate the likelihood of default by the Company and its counterparties. The Company has assessed the significance of the impact of the credit valuation adjustments on the overall valuation of its derivative positions and has determined that the credit valuation adjustments are not significant to the overall valuation of its interest rate swaps. As a result, the Company determined that its interest rate swaps valuation in its entirety is classified in Level 2 of the fair value hierarchy. The following tables present the placement in the fair value hierarchy of assets and liabilities that are measured at fair value on a recurring basis: Fair Value Measurements as of March 31, 2024 Quoted Prices in Active Markets for Identical Assets Significant Other Observable Inputs Significant Unobservable Inputs (in thousands) Balance (Level 1) (Level 2) (Level 3) Assets: Securities $ 126,225 126,225 — — Available-for-sale debt securities 14,362 — 14,362 — Interest rate derivatives 16,711 — 16,711 — Total $ 157,298 126,225 31,073 — Liabilities: Interest rate derivatives $ ( 393 ) — ( 393 ) — Fair Value Measurements as of December 31, 2023 Quoted Prices in Active Markets for Identical Assets Significant Other Observable Inputs Significant Unobservable Inputs (in thousands) Balance (Level 1) (Level 2) (Level 3) Assets: Securities $ 37,039 37,039 — — Available-for-sale debt securities 14,953 — 14,953 — Interest rate derivatives 14,213 — 14,213 — Total $ 66,205 37,039 29,166 — Liabilities: Interest rate derivatives $ ( 1,335 ) — ( 1,335 ) —

Equity and Capital

Equity and Capital	3 Months Ended
	Mar. 31, 2024
Equity And Capital [Abstract]
Equity and Capital	9. Equity and Capital Preferred Stock of the Parent Company Terms and conditions of the preferred stock outstanding are summarized as follows: Preferred Stock Outstanding as of March 31, 2024 and December 31, 2023 Date of Issuance Shares Issued and Outstanding Liquidation Preference Distribution Rate Callable By Company Series A 8/18/2023 4,600,000 $ 115,000,000 6.250 % On demand Series B 8/18/2023 4,400,000 110,000,000 5.875 % On or after 10/1/2024 9,000,000 $ 225,000,000 Dividends Declared On May 1, 2024 , the Board: • Declared dividends on the Series A Preferred Stock, which will be paid at a rate of $ 0.390625 per share on July 31, 2024 . The dividends will be payable to holders of record of the Series A Preferred Stock as of the close of business on July 16, 2024 ; and • Declared dividend on the Series B Preferred Stock, which will be paid at a rate of $ 0.367200 per share on July 31, 2024 . The dividend will be payable to holders of record of the Series B Preferred Stock as of the close of business on July 16, 2024 . Common Stock of the Parent Company Dividends Declared On May 1, 2024 , the Board declared a common stock dividend of $ 0.67 per share, payable on July 3, 2024 , to shareholders of record as of June 12, 2024 . On May 2, 2023 , our Board of Directors declared a common stock dividend of $ 0.65 per share, payable on July 6, 2023 , to shareholders of record as of June 14, 2023 . At the Market ("ATM") Program Under the Parent Company's ATM program, as authorized by the Board, the Parent Company may sell up to $ 500 million of common stock at prices determined by the market at the time of sale. The timing of sales, if any, will be dependent on market conditions and other factors. No sales occurred under the ATM program during both the three months ended March 31, 2024, and 2023. As of March 31, 2024 , $ 500 million of common stock remained available for issuance under this ATM equity program. Stock Repurchase Program The Board has authorized a common stock repurchase program under which the Company may purchase, from time to time, up to a maximum of $ 250 million of its outstanding common stock through open market purchases, and/or in privately negotiated transactions (referred to as the "Repurchase Program"). The timing and price of stock repurchases, if any, will be dependent upon market conditions and other factors. The stock repurchased, if not retired, would be treated as treasury stock. The Board's authorization for this Repurchase Program will expire on February 7, 2025 , unless modified, extended or earlier terminated by the Board. During the three months ended March 31, 2024 , the Company made no repurchases . At March 31, 2024 , $ 230.0 million remained available under this Repurchase Program. During the three months ended March 31, 2023 , the Company executed multiple trades to repurchase 349,519 common shares under the Repurchase Program for a total of $ 20.0 million at a weighted average price of $ 57.22 per share. All repurchased shares were retired on the respective settlement dates. Preferred Units of the Operating Partnership The number of Series A Preferred Units and Series B Preferred Units, respectively, issued by the Operating Partnership is equal to the number of Series A Preferred Stock and Series B Preferred Stock, respectively, issued by the Parent Company. Common Units of the Operating Partnership Common Units are issued, or redeemed and retired, for each share of the Parent Company stock issued or redeemed, or retired, as described above. During the three months ended March 31, 2024, 7,938 Pa rtnership Units were converted to Parent Company common stock. No such conversions took place during the three months ended March 31, 2023 .

Stock-Based Compensation

Stock-Based Compensation	3 Months Ended
	Mar. 31, 2024
Share-Based Payment Arrangement [Abstract]
Stock-Based Compensation	10. Stock-Based Compensation During the three months ended March 31, 2024 , the Company granted 322,159 shares of restricted stock with a weighted-average grant-date fair value of $ 60.31 per share . The Company records stock-based compensation expense within General and administrative expenses in the accompanying Consolidated Statements of Operations, and recognizes forfeitures as they occur.

Earnings per Share and Unit

Earnings per Share and Unit	3 Months Ended
	Mar. 31, 2024
Earnings Per Share And Unit [Abstract]
Earnings per Share and Unit	11. Earnings per Share and Unit Parent Company Earnings per Share The following summarizes the calculation of basic and diluted earnings per shar e: Three months ended March 31, (in thousands, except per share data) 2024 2023 Numerator: Net income attributable to common shareholders - basic $ 106,361 97,281 Net income attributable to common shareholders - diluted $ 106,361 97,281 Denominator: Weighted average common shares outstanding for basic EPS 184,678 171,212 Weighted average common shares outstanding for diluted EPS (1) 184,770 171,494 Net income per common share – basic $ 0.58 0.57 Net income per common share – diluted $ 0.58 0.57 (1) Includes the dilutive impact of unvested restricted stock. The effect of the assumed conversion of the EOP units and certain other convertible units had an anti-dilutive effect upon the calculation of net income to the common shareholders per share. Accordingly, the impact of such assumed conversions has not been included in the determination of diluted net income per share calculations. Weighted average EOP units outstanding were 1,101,104 and 741,433 for the three months ended March 31, 2024 and 2023, respectively. Operating Partnership Earnings per Unit The following summarizes the calculation of basic and diluted earnings per uni t ("EPU"): Three months ended March 31, (in thousands, except per unit data) 2024 2023 Numerator: Net income attributable to common unit holders - basic $ 107,003 97,701 Net income attributable to common unit holders - diluted $ 107,003 97,701 Denominator: Weighted average common units outstanding for basic EPU 185,779 171,953 Weighted average common units outstanding for diluted EPU (1) 185,872 172,235 Net income per common unit – basic $ 0.58 0.57 Net income per common unit – diluted $ 0.58 0.57 (1) Includes the dilutive impact of unvested restricted stock. The effect of the assumed conversion of certain other convertible units had an anti-dilutive effect upon the calculation of net income to the common unit holders per share. Accordingly, the impact of such assumed conversions has not been included in the determination of diluted net income per unit calculations.

Commitments and Contingencies

Commitments and Contingencies	3 Months Ended
	Mar. 31, 2024
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	12. Commitments and Contingencies Litigation The Company is a party to litigation and other disputes that arise in the ordinary course of business. While the outcome of any particular lawsuit or dispute cannot be predicted with certainty, in the opinion of management, the Company's currently pending litigation and disputes are not expected to have a material adverse effect on the Company's consolidated financial position, results of operations, or liquidity of the Company taken as a whole as of March 31, 2024. Environmental The Company is subject to numerous environmental laws and regulations. With respect to applicability to the Company, these pertain primarily to chemicals historically used by certain current and former dry cleaning tenants, the existence of asbestos in older shopping centers, older underground petroleum storage tanks and other historic land uses. The Company believes that the ultimate disposition of currently known environmental matters will not have a material effect on its financial position, liquidity, or operations. The Company can give no assurance that existing environmental studies with respect to its shopping centers have revealed all potential environmental contaminants; that its estimate of liabilities will not change as more information becomes available; that any previous owner, occupant or tenant did not create any material environmental condition not known to the Company; that the current environmental condition of the shopping centers will not be affected by tenants and occupants, by the condition of nearby properties, or by unrelated third parties; and that changes in applicable environmental laws and regulations or their interpretation will not result in additional environmental liability to the Company. The Company had accrued liabilities of $ 15.9 million and $ 16.5 million for environmental remediation, which are i ncluded in Accounts payable, and other liabilities on the Company’s Consolidated Balance Sheets as of March 31, 2024 and December 31, 2023, respectively. Letters of Credit The Company has the right to issue letters of credit under the Line up to an aggregate amount not to exceed $ 50.0 million, which reduces the credit availability under the Line. These letters of credit are primarily issued as collateral on behalf of its captive insurance subsidiary and to facilitate the construction of development projects. The Comp any had $ 8.5 million in letters of credit outstanding as of both March 31, 2024 and December 31, 2023 .

Organization and Significant _2

Organization and Significant Accounting Policies (Policies)	3 Months Ended
	Mar. 31, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Acquisition of UBP	Acquisition of Urstadt Biddle Properties Inc. On August 18, 2023 , the Company acquired Urstadt Biddle Properties Inc. ("UBP") which was accounted for as an asset acquisitio n. Under the terms of the merger agreement, each share of Urstadt Biddle common stock and Urstadt Biddle Class A common stock was converted into 0.347 of a share of common stock of the Parent Company. Additionally, each share of UBP’s 6.25 % Series H Cumulative Redeemable Preferred Stock and 5.875 % Series K Cumulative Redeemable Preferred Stock was converted into one share of Parent Company Series A preferred stock and Parent Company Series B preferred stock, respectively. As a result of the acquisition, the Company acquired 74 properties representing 5.3 million square feet of GLA, including 10 properties held through real estate partnerships. See the Company's audited Annual Report on Form 10-K for the year ended December 31, 2023 for further disclosure regarding the acquisition transaction.
Risks and Uncertainties	Risks and Uncertainties The success of the Company's tenants in operating their businesses and their corresponding ability to pay rent continue to be influenced by current economic challenges, which may impact their cost of doing business, including but not limited to the impact of inflation, the cost and availability of labor, increasing energy prices and interest rates, and access to credit. Additionally, geopolitical and macroeconomic challenges, including the war involving Russia and Ukraine, current Middle East conflicts and wars, and the economic conflicts with China, as well as the slowing of its economy, could impact aspects of the U.S. economy and, therefore, consumer spending. The policies implemented by the U.S. government to address these and related issues, including changes by the Board of Governors of the Federal Reserve System of its benchmark federal funds rate, increases in federal government spending, and economic sanctions and tariffs, could result in adverse impacts on the U.S. economy, including a slowing of growth and potentially a recession, thereby impacting consumer spending, tenants' businesses, and/or decreasing future demand for space in shopping centers. The potential impact of current macroeconomic and geopolitical challenges on the Company's financial condition, results of operations, and cash flows is subject to change and continues to depend on the extent and duration of these risks and uncertainties. See Item 1A of Part I of the Company's Annual Report on Form 10-K for a more detailed discussion of the Risk Factors potentially impacting the Company's business and results of operations.
Consolidation	Consolidation The Company consolidates properties that are wholly-owned, and properties where it owns less than 100% but holds a controlling financial interest in the partnerships. Controlling financial interest is determined using an evaluation based on accounting standards related to the consolidation of Variable Interest Entities ("VIEs") and voting interest entities. Ownership of the Parent Company The Parent Company has a single class of common stock and two series of preferred stock outstanding. Ownership of the Operating Partnership The Operating Partnership's capital includes Common Units and Preferred Units. As of March 31, 2024, the Parent Company owned approximately 99.4 % of the outstanding Common Units, with the remaining Common Units held by third parties ("Exchangeable operating partnership units" or "EOP units"). The Parent Company currently owns all of the Preferred Units.
Real Estate Partnerships	Real Estate Partnerships As of March 31, 2024, Regency held partial ownership interests in 119 properties through real estate partnerships, of which 18 are consolidated. Regency's partners include institutional investors, real estate developers and/or operators, and passive investors (the "Partners" or "Limited Partners"). These partnerships have been established to own and operate real estate properties. The Company’s involvement with these entities is through its ownership and management of the properties. The entities were deemed VIEs primarily because the unrelated investors do not have substantive kick-out rights to remove the general or managing partner by a vote of a simple majority or less, and they do not have substantive participating rights. Regency has variable interests in these entities through its equity ownership, with Regency being the primary beneficiary in certain of these real estate partnerships. Regency consolidates the partnerships into its financial statements for which it is the primary beneficiary and reports the limited partners' interests as noncontrolling interests. For those partnerships which Regency is not the primary beneficiary and does not have a controlling financial interest, but has significant influence, Regency recognizes its equity investments in them in accordance with the equity method of accounting. The assets of these partnerships are restricted to use by the respective partnerships and cannot be reached by general creditors of the Company. Similarly, the obligations of the partnerships are backed by, and can only be settled through the assets of these partnerships or by additional capital contributions by the partners. The carrying amounts of VIEs' assets and liabilities included in the Company's consolidated financial statements, exclusive of the Operating Partnership, are as follows: (in thousands) March 31, 2024 December 31, 2023 Assets Real estate assets, net $ 276,484 270,674 Cash, cash equivalents and restricted cash 8,324 8,201 Tenant and other receivables, net 4,777 3,883 Deferred costs, net 2,406 2,494 Acquired lease intangible assets, net 11,284 12,099 Right of use assets, net 44,102 44,377 Other assets 1,574 893 Total Assets $ 348,951 342,621 Liabilities Notes payable $ 33,092 33,211 Accounts payable and other liabilities 31,853 29,919 Acquired lease intangible liabilities, net 21,103 21,456 Tenants' security, escrow deposits and prepaid rent 1,112 1,239 Lease liabilities 21,482 21,433 Total Liabilities $ 108,642 107,258
Revenues, and Tenant and Other Receivables	Revenues, and Tenant and other Receivables Other property income includes parking fees and other incidental income from the properties and is generally recognized at the point in time that the performance obligation is met. Income within Management, transaction, and other fees on the Consolidated Statements of Operations is primarily derived from contracts with the Company's real estate partnerships. The primary components of these revenue streams, the timing of satisfying the performance obligations, and amounts are as follows: Three months ended March 31, (in thousands) Timing of satisfaction of performance obligations 2024 2023 Management, transaction, and other fees: Property management services Over time $ 3,961 3,458 Asset management services Over time 1,602 1,629 Leasing services Point in time 574 718 Other fees Point in time 259 233 Total management, transaction, and other fees $ 6,396 6,038 The accounts receivable for management, transactions, and other fees, which are included within Tenant and other receivables in the accompanying Consolidated Balance Sheets, are $ 16.5 million and $ 18.5 million , as of March 31, 2024 and December 31, 2023 , respectively.
Recent Accounting Pronouncements	Recent Accounting Pronouncements The following table provides a brief description of recently adopted accounting pronouncements and impact on our financial statements: Standard Description Earlier of Effective Date or the Date of adoption Effect on the financial statements or other significant matters Recently adopted : ASU 2023-07 , Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures The amendments are aimed at enhancing the disclosures public entities provide regarding significant segment expenses so that investors can “better understand an entity’s overall performance” and assess “potential future cash flows.” January 1, 2024 The standard became effective for the Company on January 1, 2024 and the required disclosures for the Company will begin with its Annual Report on Form 10-K for the fiscal year ending December 31, 2024. The adoption and implementation of this guidance is not expected to have a material impact on the Company’s consolidated financial statements. ASU 2023-09 , Income Taxes (Topic 740): Improvements to Income Tax Disclosures. ASU 2023-09 requires public business entities to disclose additional information in specified categories with respect to the reconciliation of the effective tax rate to the statutory rate for federal, state, and foreign income taxes. It also requires greater detail about individual reconciling items in the rate reconciliation to the extent the impact of those items exceeds a specified threshold. January 1, 2025 The Company will review the extent of new disclosures necessary prior to implementation. O t her than additional disclosure, the adoption of this ASU is not expected to have a material impact on the Company's financial position and/or results of operations.

Organization and Significant _3

Organization and Significant Accounting Policies (Tables)	3 Months Ended
	Mar. 31, 2024
Accounting Policies [Abstract]
Schedule of Variable Interest Entities	The carrying amounts of VIEs' assets and liabilities included in the Company's consolidated financial statements, exclusive of the Operating Partnership, are as follows: (in thousands) March 31, 2024 December 31, 2023 Assets Real estate assets, net $ 276,484 270,674 Cash, cash equivalents and restricted cash 8,324 8,201 Tenant and other receivables, net 4,777 3,883 Deferred costs, net 2,406 2,494 Acquired lease intangible assets, net 11,284 12,099 Right of use assets, net 44,102 44,377 Other assets 1,574 893 Total Assets $ 348,951 342,621 Liabilities Notes payable $ 33,092 33,211 Accounts payable and other liabilities 31,853 29,919 Acquired lease intangible liabilities, net 21,103 21,456 Tenants' security, escrow deposits and prepaid rent 1,112 1,239 Lease liabilities 21,482 21,433 Total Liabilities $ 108,642 107,258
Revenues and Tenant and Other Receivables	The primary components of these revenue streams, the timing of satisfying the performance obligations, and amounts are as follows: Three months ended March 31, (in thousands) Timing of satisfaction of performance obligations 2024 2023 Management, transaction, and other fees: Property management services Over time $ 3,961 3,458 Asset management services Over time 1,602 1,629 Leasing services Point in time 574 718 Other fees Point in time 259 233 Total management, transaction, and other fees $ 6,396 6,038
Schedule of New Accounting Pronouncements and Changes in Accounting Principles	The following table provides a brief description of recently adopted accounting pronouncements and impact on our financial statements: Standard Description Earlier of Effective Date or the Date of adoption Effect on the financial statements or other significant matters Recently adopted : ASU 2023-07 , Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures The amendments are aimed at enhancing the disclosures public entities provide regarding significant segment expenses so that investors can “better understand an entity’s overall performance” and assess “potential future cash flows.” January 1, 2024 The standard became effective for the Company on January 1, 2024 and the required disclosures for the Company will begin with its Annual Report on Form 10-K for the fiscal year ending December 31, 2024. The adoption and implementation of this guidance is not expected to have a material impact on the Company’s consolidated financial statements. ASU 2023-09 , Income Taxes (Topic 740): Improvements to Income Tax Disclosures. ASU 2023-09 requires public business entities to disclose additional information in specified categories with respect to the reconciliation of the effective tax rate to the statutory rate for federal, state, and foreign income taxes. It also requires greater detail about individual reconciling items in the rate reconciliation to the extent the impact of those items exceeds a specified threshold. January 1, 2025 The Company will review the extent of new disclosures necessary prior to implementation. O t her than additional disclosure, the adoption of this ASU is not expected to have a material impact on the Company's financial position and/or results of operations.

Real Estate Investments (Tables

Real Estate Investments (Tables)	3 Months Ended
	Mar. 31, 2024
Real Estate [Line Items]
Schedule of Properties Acquired	The table below details properties acquired during the three months ended March 31, 2024: (in thousands) Three months ended March 31, 2024 Date Purchased Property Name City/State Property Regency Ownership Purchase (1) Debt (1) Intangible (1) Intangible (1) Consolidated 2/23/2024 The Shops at Stone Bridge Cheshire, CT Development 100 % $ 8,000 — — — Total consolidated $ 8,000 — — — (1) Amounts for purchase price and allocation are reflected at 100 %.

Property Dispositions and Ass_2

Property Dispositions and Assets Held for Sale (Tables)	3 Months Ended
	Mar. 31, 2024
Discontinued Operations and Disposal Groups [Abstract]
Schedule of Properties Disposed of	The following table provides a summary of consolidated shopping centers and land parcels sold during the periods set forth below: Three months ended March 31, (in thousands, except number sold data) 2024 2023 Net proceeds from sale of real estate investments $ 30,033 2,923 Gain on sale of real estate, net of tax 11,403 250 Number of operating properties sold 1 — Number of land parcels sold — 1 Percent interest sold 100 % 100 %
Schedule of Properties Held for Sale	The following table presents the assets associated with the properties classified as held for sale: (in thousands) March 31, 2024 December 31, 2023 Land and improvements $ 27,003 9,120 Buildings and improvements 9,425 12,551 Less: accumulated depreciation ( 2,928 ) ( 3,461 ) Real estate, net 33,500 18,210 Other assets, net 72 668 Assets associated with real estate assets held for sale $ 33,572 18,878

Other Assets (Tables)

Other Assets (Tables)	3 Months Ended
	Mar. 31, 2024
Other Assets [Abstract]
Schedule of Other Assets	The following table represents the components of Other assets in the accompanying Consolidated Balance Sheets as of the dates set forth below: (in thousands) March 31, 2024 December 31, 2023 Goodwill $ 167,062 167,062 Investments (1) 140,587 51,992 Prepaid and other 56,937 40,635 Derivative assets 16,711 14,213 Furniture, fixtures, and equipment, net ("FF&E") 6,424 6,662 Deferred financing costs, net (2) 11,712 2,865 Total other assets $ 399,433 283,429 (1) During the three months ended March 31, 2024 , the Company invested approximately $ 90 million in commercial deposits from the proceeds received from the January public offering of senior unsecured notes. (2) The Company incurred additional financing costs related to recasting its Line of Credit. See Note 5 — Notes Payable and Unsecured Credit Facilities for discussion regarding these transactions.

Notes Payable and Unsecured C_2

Notes Payable and Unsecured Credit Facilities (Tables)	3 Months Ended
	Mar. 31, 2024
Debt Disclosure [Abstract]
Schedule of Debt	The Company's outstanding debt, net of unamortized debt premium (discount) and debt issuance costs, consisted of the following as of the dates set forth below: (in thousands) Maturing Weighted Weighted March 31, 2024 December 31, 2023 Notes payable: Fixed rate mortgage loans 6/1/2037 3.8 % 4.4 % $ 439,864 449,615 Variable rate mortgage loans (1) 1/31/2032 4.2 % 4.2 % 298,375 299,579 Fixed rate unsecured debt 3/15/2049 4.0 % 4.1 % 3,648,942 3,252,755 Total notes payable, net 4,387,181 4,001,949 Unsecured credit facilities: $ 1.5 Billion Line of Credit (the "Line") (2) 3/23/2028 6.3 % 6.7 % 30,000 152,000 Total unsecured credit facilities 30,000 152,000 Total debt outstanding $ 4,417,181 4,153,949 (1) As of March 31, 2024, 98.3 % o f the variable rate mortgage loans are fixed through interest rate swaps. (2) The Line is scheduled to mature on March 23, 2028 . The Company has the option to extend the maturity for two additional six-month periods . Weighted average effective rate for the Line is calculated based on a fully drawn Line balance using the period end variable rate.
Schedule of Maturities of Long-term Debt	Scheduled principal payments and maturities on notes payable and unsecured credit facilities were as follows: (in thousands) March 31, 2024 Scheduled Principal Payments and Maturities by Year: Scheduled Mortgage Unsecured (1) Total 2024 (2) $ 7,989 133,580 250,000 391,569 2025 9,678 52,537 250,000 312,215 2026 9,920 147,848 200,000 357,768 2027 7,013 222,558 525,000 754,571 2028 5,312 36,570 330,000 371,882 Beyond 5 Years 7,956 106,092 2,150,000 2,264,048 Unamortized debt premium/(discount) and issuance costs — ( 8,814 ) ( 26,058 ) ( 34,872 ) Total $ 47,868 690,371 3,678,942 4,417,181 (1) Includes unsecured public and private debt and unsecured credit facilities. (2) Reflects scheduled principal payments and maturities for the remainder of the year.

Derivative Financial Instrume_2

Derivative Financial Instruments (Tables)	3 Months Ended
	Mar. 31, 2024
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of Interest Rate Derivatives Outstanding	Detail on the Company's interest rate derivatives outstanding as of March 31, 2024 and December 31, 2023 is as follows: Number of Instruments Interest Rate Swaps March 31, 2024 December 31, 2023 Notional amount 323,678 294,928 Number of instruments 16 15
Schedule of Fair Value of Interest Rate Derivatives	Detail on the fair value of the Company's interest rate derivatives as of March 31, 2024 and December 31, 2023 is as follows: (in thousands) Fair Value Interest rate swaps classified as: March 31, 2024 December 31, 2023 Derivative assets $ 16,711 14,213 Derivative liabilities ( 393 ) ( 1,335 )
Derivative Instruments, Gain (Loss)	The following table represents the effect of the derivative financial instruments on the accompanying Consolidated Financial Statements: Location and Amount of Gain (Loss) Recognized in OCI on Derivative Location and Amount of Gain (Loss) Reclassified from AOCI into Income Total amounts presented in the Consolidated Statements of Operations in which the effects of cash flow hedges are recorded Three months ended March 31, Three months ended March 31, Three months ended March 31, (in thousands) 2024 2023 2024 2023 2024 2023 Interest rate swaps $ 8,593 ( 2,736 ) Interest income $ ( 2,367 ) ( 1,492 ) Interest expense, net $ 42,868 36,393

Leases (Tables)

Leases (Tables)	3 Months Ended
	Mar. 31, 2024
Leases [Abstract]
Operating Lease, Lease Income	The following table provides a disaggregation of lease income recognized as either fixed or variable lease income based on the criteria specified in ASC Topic 842: (in thousands) Three months ended March 31, 2024 2023 Operating lease income Fixed and in-substance fixed lease income $ 256,626 219,641 Variable lease income 92,290 80,780 Other lease related income, net: Above/below market rent and tenant rent inducement amortization, net 5,823 5,865 Uncollectible straight-line rent (1) ( 400 ) 578 Uncollectible amounts billable in lease (loss) income ( 1,233 ) 1,937 Total lease income $ 353,106 308,801 (1) The amounts include straight-line rent adjustments associated with converting between cash basis and accrual basis accounting for certain leases.
Components Of Tenant And Other Receivables	The following table represents the components of Tenant and other receivables, net of amounts considered uncollectible, in the accompanying Consolidated Balance Sheets: (in thousands) March 31, 2024 December 31, 2023 Tenant receivables $ 27,357 34,814 Straight-line rent receivables 144,022 138,590 Notes receivable 30,634 2,109 Other receivables (1) 27,394 30,649 Total tenant and other receivables $ 229,407 206,162 (1) Other receivables include construction receivables, insurance receivables, and amounts due from real estate partnerships for Management, transaction, and other fee income.

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	3 Months Ended
	Mar. 31, 2024
Fair Value Disclosures [Abstract]
Summary of Balance Sheet Fair Values	All financial instruments of the Company are reflected in the accompanying Consolidated Balance Sheets at amounts which, in management's estimation, reasonably approximate their fair values, except those instruments listed below : March 31, 2024 December 31, 2023 (in thousands) Carrying Fair Value Carrying Fair Value Financial assets: Notes receivable (1) $ 30,634 30,634 2,109 2,109 Financial liabilities: Notes payable, net $ 4,387,181 4,143,622 4,001,949 3,763,152 Unsecured credit facilities (1) $ 30,000 30,000 152,000 152,000 (1) The carrying amounts approximated its fair values due to the variable nature of the terms or the timing of issuance.
Summary of Assets and Liabilities Measured at Fair Value on Recurring Basis	The following tables present the placement in the fair value hierarchy of assets and liabilities that are measured at fair value on a recurring basis: Fair Value Measurements as of March 31, 2024 Quoted Prices in Active Markets for Identical Assets Significant Other Observable Inputs Significant Unobservable Inputs (in thousands) Balance (Level 1) (Level 2) (Level 3) Assets: Securities $ 126,225 126,225 — — Available-for-sale debt securities 14,362 — 14,362 — Interest rate derivatives 16,711 — 16,711 — Total $ 157,298 126,225 31,073 — Liabilities: Interest rate derivatives $ ( 393 ) — ( 393 ) — Fair Value Measurements as of December 31, 2023 Quoted Prices in Active Markets for Identical Assets Significant Other Observable Inputs Significant Unobservable Inputs (in thousands) Balance (Level 1) (Level 2) (Level 3) Assets: Securities $ 37,039 37,039 — — Available-for-sale debt securities 14,953 — 14,953 — Interest rate derivatives 14,213 — 14,213 — Total $ 66,205 37,039 29,166 — Liabilities: Interest rate derivatives $ ( 1,335 ) — ( 1,335 ) —

Equity and Capital (Tables)

Equity and Capital (Tables)	3 Months Ended
	Mar. 31, 2024
Equity [Abstract]
Summary of Terms and Conditions of Preferred Stock Outstanding	Terms and conditions of the preferred stock outstanding are summarized as follows: Preferred Stock Outstanding as of March 31, 2024 and December 31, 2023 Date of Issuance Shares Issued and Outstanding Liquidation Preference Distribution Rate Callable By Company Series A 8/18/2023 4,600,000 $ 115,000,000 6.250 % On demand Series B 8/18/2023 4,400,000 110,000,000 5.875 % On or after 10/1/2024 9,000,000 $ 225,000,000

Earnings per Share and Unit (Ta

Earnings per Share and Unit (Tables)	3 Months Ended
	Mar. 31, 2024
Schedule of earnings per share	The following summarizes the calculation of basic and diluted earnings per shar e: Three months ended March 31, (in thousands, except per share data) 2024 2023 Numerator: Net income attributable to common shareholders - basic $ 106,361 97,281 Net income attributable to common shareholders - diluted $ 106,361 97,281 Denominator: Weighted average common shares outstanding for basic EPS 184,678 171,212 Weighted average common shares outstanding for diluted EPS (1) 184,770 171,494 Net income per common share – basic $ 0.58 0.57 Net income per common share – diluted $ 0.58 0.57 (1) Includes the dilutive impact of unvested restricted stock.
Partnership Interest [Member]
Schedule of earnings per share	The following summarizes the calculation of basic and diluted earnings per uni t ("EPU"): Three months ended March 31, (in thousands, except per unit data) 2024 2023 Numerator: Net income attributable to common unit holders - basic $ 107,003 97,701 Net income attributable to common unit holders - diluted $ 107,003 97,701 Denominator: Weighted average common units outstanding for basic EPU 185,779 171,953 Weighted average common units outstanding for diluted EPU (1) 185,872 172,235 Net income per common unit – basic $ 0.58 0.57 Net income per common unit – diluted $ 0.58 0.57 (1) Includes the dilutive impact of unvested restricted stock.

Organization and Significant _4

Organization and Significant Accounting Policies - Additional Information (Details) $ in Thousands, ft² in Millions		3 Months Ended
	Aug. 18, 2023 ft² Property	Mar. 31, 2024 USD ($) RetailShoppingCenter	Dec. 31, 2023 USD ($)	Mar. 31, 2023 Property
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Line Items]
Unsecured public and private notes		$ 200,000
Number of real estate properties | Property				0
Tenant and other receivables, net		$ 229,407	$ 206,162
Conversion of Stock, Description		On August 18, 2023, the Company acquired Urstadt Biddle Properties Inc. ("UBP") which was accounted for as an asset acquisition. Under the terms of the merger agreement, each share of Urstadt Biddle common stock and Urstadt Biddle Class A common stock was converted into 0.347 of a share of common stock of the Parent Company. Additionally, each share of UBP’s 6.25% Series H Cumulative Redeemable Preferred Stock and 5.875% Series K Cumulative Redeemable Preferred Stock was converted into one share of Parent Company Series A preferred stock and Parent Company Series B preferred stock, respectively.
Merger One [Member] | 6.25% Series H Cumulative Redeemable Preferred Stock [Member]
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Line Items]
Debt instrument interest rate stated percentage	6.25%
Merger One [Member] | 5.875% Series K Cumulative Redeemable Preferred Stock [Member]
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Line Items]
Debt instrument interest rate stated percentage	5.875%
Merger One [Member] | Common Stock [Member]
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Line Items]
Stock conversion ratio	0.347
Merger Agreement [Member]
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Line Items]
Asset acquisition agreement date	Aug. 18, 2023
Management, transaction, and other fee [Member]
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Line Items]
Tenant and other receivables, net		$ 16,500	$ 18,500
Operating Partnership [Member]
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Line Items]
Ownership percentage of outstanding common partnership units		99.40%
Wholly Owned Properties [Member]
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Line Items]
Number of real estate properties	74	381
Gross lease area | ft²	5.3
Partially Owned Properties [Member]
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Line Items]
Number of real estate properties	10	119
Consolidated Properties [Member]
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Line Items]
Number of real estate properties | RetailShoppingCenter		18
Unconsolidated Properties [Member]
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Line Items]
Number of real estate properties | RetailShoppingCenter		101

Organization and Significant _5

Organization and Significant Accounting Policies - Schedule of Variable Interest Entities (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Variable Interest Entity [Line Items]
Variable interest entity, consolidated, carrying amount, assets	$ 12,650,903	$ 12,426,913
Variable interest entity, consolidated, carrying amount, liabilities	5,472,884	5,234,978
Variable Interest Entity, Primary Beneficiary [Member]
Variable Interest Entity [Line Items]
Variable interest entity, consolidated, carrying amount, assets	348,951	342,621
Variable interest entity, consolidated, carrying amount, liabilities	108,642	107,258
Variable Interest Entity, Primary Beneficiary [Member] | Notes Payable [Member]
Variable Interest Entity [Line Items]
Variable interest entity, consolidated, carrying amount, liabilities	33,092	33,211
Variable Interest Entity, Primary Beneficiary [Member] | Accounts Payable and Other Liabilities [Member]
Variable Interest Entity [Line Items]
Variable interest entity, consolidated, carrying amount, liabilities	31,853	29,919
Variable Interest Entity, Primary Beneficiary [Member] | Acquired Lease Intangible Liabilities, Net [Member]
Variable Interest Entity [Line Items]
Variable interest entity, consolidated, carrying amount, liabilities	21,103	21,456
Variable Interest Entity, Primary Beneficiary [Member] | Tenants' Security, Escrow Deposits and Prepaid Rent [Member]
Variable Interest Entity [Line Items]
Variable interest entity, consolidated, carrying amount, liabilities	1,112	1,239
Variable Interest Entity, Primary Beneficiary [Member] | Lease Liabilities [Member]
Variable Interest Entity [Line Items]
Variable interest entity, consolidated, carrying amount, liabilities	21,482	21,433
Variable Interest Entity, Primary Beneficiary [Member] | Real Estate Assets, Net [Member]
Variable Interest Entity [Line Items]
Variable interest entity, consolidated, carrying amount, assets	276,484	270,674
Variable Interest Entity, Primary Beneficiary [Member] | Cash, Cash Equivalents, and Restricted Cash [Member]
Variable Interest Entity [Line Items]
Variable interest entity, consolidated, carrying amount, assets	8,324	8,201
Variable Interest Entity, Primary Beneficiary [Member] | Tenant and Other Receivables, Net [Member]
Variable Interest Entity [Line Items]
Variable interest entity, consolidated, carrying amount, assets	4,777	3,883
Variable Interest Entity, Primary Beneficiary [Member] | Deferred Costs, Net [Member]
Variable Interest Entity [Line Items]
Variable interest entity, consolidated, carrying amount, assets	2,406	2,494
Variable Interest Entity, Primary Beneficiary [Member] | Acquired Lease Intangible Assets, Net [Member]
Variable Interest Entity [Line Items]
Variable interest entity, consolidated, carrying amount, assets	11,284	12,099
Variable Interest Entity, Primary Beneficiary [Member] | Right of Use Assets, Net [Member]
Variable Interest Entity [Line Items]
Variable interest entity, consolidated, carrying amount, assets	44,102	44,377
Variable Interest Entity, Primary Beneficiary [Member] | Other Assets [Member]
Variable Interest Entity [Line Items]
Variable interest entity, consolidated, carrying amount, assets	$ 1,574	$ 893

Organization and Significant _6

Organization and Significant Accounting Policies - Components of Revenue Streams, Timing of Satisfying Performance Obligations, and Amounts (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Schedule of management, transaction, and other fees [Line Items]
Management, transaction, and other fees	$ 6,396	$ 6,038
Property management services [Member]
Schedule of management, transaction, and other fees [Line Items]
Management, transaction, and other fees	$ 3,961	3,458
Timing of satisfaction of performance obligations	Over time
Asset management services [Member]
Schedule of management, transaction, and other fees [Line Items]
Management, transaction, and other fees	$ 1,602	1,629
Timing of satisfaction of performance obligations	Over time
Leasing services [Member]
Schedule of management, transaction, and other fees [Line Items]
Management, transaction, and other fees	$ 574	718
Timing of satisfaction of performance obligations	Point in time
Other fees [Member]
Schedule of management, transaction, and other fees [Line Items]
Management, transaction, and other fees	$ 259	$ 233
Timing of satisfaction of performance obligations	Point in time

Organization and Significant _7

Organization and Significant Accounting Policies - Schedule of New Accounting Pronouncements and Changes in Accounting Principles (Details)	3 Months Ended
	Mar. 31, 2024
ASU 2023-07 [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Change in accounting principle accounting standards update adopted	true
Change in accounting principle, accounting standards update, adoption date	Jan. 01, 2024
New Accounting Pronouncement or Change in Accounting Principle, Description	ASU 2023-07
ASU 2023-09 [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Change in accounting principle accounting standards update adopted	true
Change in accounting principle, accounting standards update, adoption date	Jan. 01, 2025
New Accounting Pronouncement or Change in Accounting Principle, Description	ASU 2023-09

Real Estate Investments - Addit

Real Estate Investments - Additional Information (Details)	Mar. 31, 2023 Property
Real Estate [Line Items]
Number of real estate properties acquired	0

Real Estate Investments - Sched

Real Estate Investments - Schedule of Properties Acquired (Details) - Consolidated Properties [Member] $ in Thousands	3 Months Ended
	Mar. 31, 2024 USD ($)
Business Acquisition [Line Items]
Purchase Price	$ 8,000
The Shops at Stone Bridge [Member]
Business Acquisition [Line Items]
Date Purchased	Feb. 23, 2024
Property Name	The Shops at Stone Bridge
City/State	Cheshire, CT
Ownership	100%
Purchase Price	$ 8,000

Real Estate Investments - Sch_2

Real Estate Investments - Schedule of Properties Acquired (Parenthetical) (Details)	Mar. 31, 2024
Business Acquisition [Line Items]
Percentage of purchase price and allocation	100%

Property Dispositions and Ass_3

Property Dispositions and Assets Held for Sale - Schedule of Properties Disposed of (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2024 USD ($) Property	Mar. 31, 2023 USD ($) Property
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Net proceeds from sale of real estate investments | $	$ 30,033	$ 2,923
Gain on sale of real estate, net of tax | $	$ 11,403	$ 250
Wholly Owned Properties [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Percent interest sold	100%	100%
Operating Properties [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Number of real estate properties sold | Property	1
Land [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Number of real estate properties sold | Property		1

Property Dispositions and Ass_4

Property Dispositions and Assets Held for Sale - Additional Information (Details) - Property	Mar. 31, 2024	Dec. 31, 2023	Mar. 31, 2023
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Number of real estate properties			0
Assets Held for Sale [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Number of real estate properties	1	1

Property Dispositions and Ass_5

Property Dispositions and Assets Held for Sale - Schedule of Properties Held for Sale (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Less: accumulated depreciation	$ (2,748,712)	$ (2,691,386)
Real estate assets, net	10,707,787	10,763,005
Assets associated with real estate assets held for sale	33,572	18,878
Assets Held for Sale [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Land and improvemnets	27,003	9,120
Buildings and improvements	9,425	12,551
Less: accumulated depreciation	(2,928)	(3,461)
Real estate assets, net	33,500	18,210
Other assets, net	72	668
Assets associated with real estate assets held for sale	$ 33,572	$ 18,878

Other Assets - Schedule of Othe

Other Assets - Schedule of Other Assets (Details) - USD ($) $ in Thousands		Mar. 31, 2024	Dec. 31, 2023
Other Assets [Abstract]
Goodwill		$ 167,062	$ 167,062
Investments	[1]	140,587	51,992
Prepaid and other		56,937	40,635
Derivative assets		16,711	14,213
Furniture, fixtures, and equipment, net ("FF&E")		6,424	6,662
Deferred financing costs, net	[2]	11,712	2,865
Total other assets		$ 399,433	$ 283,429
[1] During the three months ended March 31, 2024 , the Company invested approximately $ 90 million in commercial deposits from the proceeds received from the January public offering of senior unsecured notes. The Company incurred additional financing costs related to recasting its Line of Credit. See Note 5 — Notes Payable and Unsecured Credit Facilities for discussion regarding these transactions.

Other Assets - Schedule of Ot_2

Other Assets - Schedule of Other Assets (Parenthetical) (Details) $ in Millions	3 Months Ended
	Mar. 31, 2024 USD ($)
Public Offering of Senior Unsecured Notes [Member]
Goodwill [Line Items]
Investment in commerical deposits	$ 90

Notes Payable and Unsecured C_3

Notes Payable and Unsecured Credit Facilities - Schedule of Debt Net of Unamortized Debt Premium (Discount) and Debt Issuance Costs (Details) - USD ($) $ in Thousands		Mar. 31, 2024	Dec. 31, 2023
Debt Instrument [Line Items]
Long-term Debt		$ 4,417,181	$ 4,153,949
Line of Credit		$ 30,000	152,000
Fixed Rate Mortgage Loans [Member]
Debt Instrument [Line Items]
Long-term Debt, Maturity Date		Jun. 01, 2037
Debt, Weighted Average Contractual Interest Rate		3.80%
Debt, Weighted Average Effective Interest Rate		4.40%
Long-term Debt		$ 439,864	449,615
Unsecured Debt [Member]
Debt Instrument [Line Items]
Long-term Debt, Maturity Date		Mar. 15, 2049
Debt, Weighted Average Contractual Interest Rate		4%
Debt, Weighted Average Effective Interest Rate		4.10%
Long-term Debt		$ 3,648,942	3,252,755
Notes Payable to Banks [Member]
Debt Instrument [Line Items]
Long-term Debt		$ 4,387,181	4,001,949
Line of Credit [Member]
Debt Instrument [Line Items]
Long-term Debt, Maturity Date	[1]	Mar. 23, 2028
Debt, Weighted Average Contractual Interest Rate	[1]	6.30%
Debt, Weighted Average Effective Interest Rate	[1]	6.70%
Long-term Debt	[1]	$ 30,000	152,000
SOFR [Member] | Variable Rate Mortgage Loans [Member]
Debt Instrument [Line Items]
Long-term Debt, Maturity Date	[2]	Jan. 31, 2032
Debt, Weighted Average Contractual Interest Rate	[2]	4.20%
Debt, Weighted Average Effective Interest Rate	[2]	4.20%
Long-term Debt	[2]	$ 298,375	$ 299,579
[1] The Line is scheduled to mature on March 23, 2028 . The Company has the option to extend the maturity for two additional six-month periods . Weighted average effective rate for the Line is calculated based on a fully drawn Line balance using the period end variable rate. As of March 31, 2024, 98.3 % o f the variable rate mortgage loans are fixed through interest rate swaps.

Notes Payable and Unsecured C_4

Notes Payable and Unsecured Credit Facilities - Schedule of Debt Net of Unamortized Debt Premium (Discount) and Debt Issuance Costs (Parentheticals) (Details) - USD ($) $ in Thousands		3 Months Ended
		Mar. 31, 2024	Dec. 31, 2023
Debt Instrument [Line Items]
Long-term Debt		$ 4,417,181	$ 4,153,949
Percentage of variable rate mortgage loans fixed through interest rate swaps		98.30%
Line of credit maximum amount		$ 1,500,000
Line of credit maturity date		Mar. 23, 2028
Line of credit extended maturity period		two additional six-month periods
Variable Rate Mortgage Loans [Member] | SOFR [Member]
Debt Instrument [Line Items]
Long-term Debt	[1]	$ 298,375	$ 299,579
[1] As of March 31, 2024, 98.3 % o f the variable rate mortgage loans are fixed through interest rate swaps.

Notes Payable and Unsecured C_5

Notes Payable and Unsecured Credit Facilities - Additional Information (Details) - USD ($)		3 Months Ended
	Jan. 18, 2024	Mar. 31, 2024	Jan. 08, 2024
Debt Instrument [Line Items]
Line of credit facility, maximum borrowing capacity		$ 1,500,000,000
Line of credit extended maturity period		two additional six-month periods
Unsecured Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Line of credit facility, maximum borrowing capacity	$ 1,500,000,000
Debt instrument, term	4 years
Line of credit extended maturity period	two six-month extension options
Debt instrument sustainability adjustment	1%
Unsecured Revolving Credit Facility [Member] | SOFR [Member]
Debt Instrument [Line Items]
Variable rate adjustment	10%
Unsecured Revolving Credit Facility [Member] | Base Rate [Member]
Debt Instrument [Line Items]
Variable rate adjustment	72.50%
Maximum [Member] | Unsecured Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Line of credit facility, maximum borrowing capacity	$ 1,500,000,000
Unsecured Debt [Member] | Senior Unsecured Notes Due in 2034 [Member]
Debt Instrument [Line Items]
Debt instrument, issue price			$ 400,000,000
Percentage of debt par value			99.617%
Coupon rate			5.25%

Notes Payable and Unsecured C_6

Notes Payable and Unsecured Credit Facilities - Schedule of Maturities of Long-term Debt (Details) - USD ($) $ in Thousands		Mar. 31, 2024	Dec. 31, 2023
Debt Instrument [Line Items]
2024	[1]	$ 391,569
2025		312,215
2026		357,768
2027		754,571
2028		371,882
Beyond 5 Years		2,264,048
Unamortized debt premium/(discount) and issuance costs		(34,872)
Total		4,417,181	$ 4,153,949
Unsecured Debt [Member]
Debt Instrument [Line Items]
Total		3,648,942	$ 3,252,755
Scheduled Principal Payments [Member] | Mortgages [Member]
Debt Instrument [Line Items]
2024	[1]	7,989
2025		9,678
2026		9,920
2027		7,013
2028		5,312
Beyond 5 Years		7,956
Total		47,868
Mortgage Loan Maturities [Member] | Mortgages [Member]
Debt Instrument [Line Items]
2024	[1]	133,580
2025		52,537
2026		147,848
2027		222,558
2028		36,570
Beyond 5 Years		106,092
Unamortized debt premium/(discount) and issuance costs		(8,814)
Total		690,371
Unsecured Maturities [Member] | Unsecured Debt [Member]
Debt Instrument [Line Items]
2024	[1]	250,000
2025	[2]	250,000
2026	[2]	200,000
2027	[2]	525,000
2028	[2]	330,000
Beyond 5 Years	[2]	2,150,000
Unamortized debt premium/(discount) and issuance costs	[2]	(26,058)
Total	[2]	$ 3,678,942
[1] Reflects scheduled principal payments and maturities for the remainder of the year. Includes unsecured public and private debt and unsecured credit facilities.

Derivative Financial Instrume_3

Derivative Financial Instruments - Schedule of Interest Rate Derivatives Outstanding (Details) - Interest Rate Swaps [Member] $ in Thousands	Mar. 31, 2024 USD ($) Instrument	Dec. 31, 2023 USD ($) Instrument
Derivative [Line Items]
Notional amount | $	$ 323,678	$ 294,928
Number of instruments | Instrument	16	15

Derivative Financial Instrume_4

Derivative Financial Instruments - Schedule of Fair Value of Interest Rate Derivatives (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Derivative [Line Items]
Derivative assets	$ 16,711	$ 14,213
Interest Rate Swaps [Member]
Derivative [Line Items]
Derivative assets	16,711	14,213
Derivative liabilities	$ (393)	$ (1,335)

Derivative Financial Instrume_5

Derivative Financial Instruments - Derivative Instruments, Gain (Loss) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Derivative [Line Items]
Other Comprehensive Income (Loss), Unrealized Gain (Loss) on Derivatives Arising During Period, before Tax	$ 8,593	$ (2,736)
Amount reclassified from accumulated other comprehensive loss	$ (2,367)	$ (1,492)
Derivative Instrument, Gain (Loss) Reclassified from AOCI into Income, Effective Portion, Statement of Income or Comprehensive Income [Extensible Enumeration]	Interest expense, net	Interest expense, net
Interest expense, net	$ 42,868	$ 36,393

Derivative Financial Instrume_6

Derivative Financial Instruments - Additional Information (Details) $ in Millions	3 Months Ended
	Mar. 31, 2024 USD ($)
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Cash Flow Hedge Gain (Loss) to be Reclassified within Twelve Months	$ 6.4

Leases (Details)

Leases (Details) - USD ($) $ in Thousands		3 Months Ended		12 Months Ended
		Mar. 31, 2024	Mar. 31, 2023	Dec. 31, 2023
Operating Leased Assets [Line Items]
Fixed and in-substance fixed lease income		$ 256,626	$ 219,641
Variable lease income		92,290	80,780
Uncollectible straight-line rent	[1]	(400)	578
Uncollectible amounts billable in lease (loss) income		(1,233)	1,937
Total lease income		353,106	308,801
Accounts and Notes Receivable, Net		229,407		$ 206,162
Straight-line rent receivables		144,022		138,590
Tenant Receivables [Member]
Operating Leased Assets [Line Items]
Accounts and Notes Receivable, Net		27,357		34,814
Notes Receivable [Member]
Operating Leased Assets [Line Items]
Accounts and Notes Receivable, Net		30,634		2,109
Other Receivable [Member]
Operating Leased Assets [Line Items]
Accounts and Notes Receivable, Net		27,394		$ 30,649
Lessor [Member]
Operating Leased Assets [Line Items]
Above/below market rent and tenant rent inducement amortization, net		$ 5,823	$ 5,865
[1] The amounts include straight-line rent adjustments associated with converting between cash basis and accrual basis accounting for certain leases.

Leases - Additional Information

Leases - Additional Information (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2024 USD ($)
Lessee, Lease, Description [Line Items]
Issuance of note receivable	$ 29,830
Notes Receivable [Member]
Lessee, Lease, Description [Line Items]
Issuance of note receivable	$ 29,800
Interest rate	6.90%

Fair Value Measurements (Detail

Fair Value Measurements (Details) - USD ($) $ in Thousands		Mar. 31, 2024	Dec. 31, 2023
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Notes receivable	[1]	$ 30,634	$ 2,109
Notes payable, net		4,387,181	4,001,949
Unsecured credit facilities		30,000	152,000
Fair Value, Measurements, Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities		126,225	37,039
Available-for-sale debt securities		14,362	14,953
Interest rate derivatives		16,711	14,213
Total		157,298	66,205
Interest Rate Cash Flow Hedge Liability at Fair Value		(393)	(1,335)
Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Notes receivable, fair value	[1]	30,634	2,109
Notes payable, net, Fair Value		4,143,622	3,763,152
Unsecured credit facilities, Fair Value		30,000	152,000
Fair Value, Inputs, Level 2 [Member] | Fair Value, Measurements, Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale debt securities		14,362	14,953
Interest rate derivatives		16,711	14,213
Total		31,073	29,166
Interest Rate Cash Flow Hedge Liability at Fair Value		(393)	(1,335)
Fair Value, Inputs, Level 1 [Member] | Fair Value, Measurements, Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities		126,225	37,039
Total		$ 126,225	$ 37,039
[1] The carrying amounts approximated its fair values due to the variable nature of the terms or the timing of issuance.

Fair Value Measurements - Addit

Fair Value Measurements - Additional Information (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Fair Value Disclosures [Abstract]
Trading securities, change in unrealized holding gain (loss)	$ 2.4	$ 1.6

Equity and Capital - Additional

Equity and Capital - Additional Information (Details) - USD ($)			3 Months Ended
	May 01, 2024	May 02, 2023	Mar. 31, 2024	Mar. 31, 2023
Class of Stock [Line Items]
Common stock dividend declared, per share		$ 0.65	$ 0.67	$ 0.65
Dividends payable date		Jul. 06, 2023
Dividends record date		Jun. 14, 2023
Dividends declared date		May 02, 2023
Stock repurchase program, authorized amount			$ 250,000,000
Stock repurchase program expiration date			Feb. 07, 2025
Stock repurchased and retired during period, value				$ 20,006,000
At the Market ("ATM") Program [Member]
Class of Stock [Line Items]
Common stock issued during period			$ 0	0
Common stock remaining available for issuance			$ 500,000,000
Subsequent Event [Member]
Class of Stock [Line Items]
Common stock dividend declared, per share	$ 0.67
Dividends payable date	Jul. 03, 2024
Dividends record date	Jun. 12, 2024
Dividends declared date	May 01, 2024
Common Stock [Member]
Class of Stock [Line Items]
Stock repurchased and retired during period, value				$ 3,000
Issuance of exchangeable operating partnership, units			7,938	0
Series A Preferred Stock [Member] | Subsequent Event [Member]
Class of Stock [Line Items]
Dividends payable date	Jul. 31, 2024
Dividends record date	Jul. 16, 2024
Preferred stock dividend per share paid	$ 0.390625
Series B Preferred Stock [Member] | Subsequent Event [Member]
Class of Stock [Line Items]
Dividends payable date	Jul. 31, 2024
Dividends record date	Jul. 16, 2024
Preferred stock dividend per share paid	$ 0.3672
AOCI Attributable to Parent [Member] | Common Stock [Member]
Class of Stock [Line Items]
Stock repurchased and retired during period, shares				349,519
Stock repurchased and retired during period, value			$ 0	$ 20,000,000
Shares repurchased weighted average price per share				$ 57.22
Stock repurchased remaining authorized value			230,000,000
Maximum [Member] | At the Market ("ATM") Program [Member]
Class of Stock [Line Items]
Equity issuances, common stock authorized for issuance			$ 500,000,000

Equity and Capital - Summary of

Equity and Capital - Summary of Terms and Conditions of Preferred Stock Outstanding (Details) - UBP Acquisition [Member] - Preferred Stock [Member] - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Class of Stock [Line Items]
Shares Issued and Outstanding	9,000,000	9,000,000
Liquidation Preference	$ 225,000,000	$ 225,000,000
Series A [Member]
Class of Stock [Line Items]
Date of Issuance	Aug. 18, 2023	Aug. 18, 2023
Shares Issued and Outstanding	4,600,000	4,600,000
Liquidation Preference	$ 115,000,000	$ 115,000,000
Distribution Rate	6.25%	6.25%
Series B [Member]
Class of Stock [Line Items]
Date of Issuance	Aug. 18, 2023	Aug. 18, 2023
Shares Issued and Outstanding	4,400,000	4,400,000
Liquidation Preference	$ 110,000,000	$ 110,000,000
Distribution Rate	5.875%	5.875%
Callable By Company	Oct. 01, 2024	Oct. 01, 2024

Stock-Based Compensation (Detai

Stock-Based Compensation (Details) - Restricted Stock [Member]	3 Months Ended
	Mar. 31, 2024 $ / shares shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares granted | shares	322,159
Weighted-average grant-date fair value (in dollars per share) | $ / shares	$ 60.31

Earnings per Share and Unit (De

Earnings per Share and Unit (Details) - USD ($) $ / shares in Units, $ in Thousands		3 Months Ended
		Mar. 31, 2024	Mar. 31, 2023
Earnings Per Share Basic [Line Items]
Net income attributable to common shareholders - basic		$ 106,361	$ 97,281
Net income per common share - basic		$ 0.58	$ 0.57
Net income per common share - diluted		$ 0.58	$ 0.57
Weighted Average Limited Partnership Units Outstanding, Basic		1,101,104	741,433
Continuing Operations [Member] | Parent Company [Member]
Earnings Per Share Basic [Line Items]
Net income attributable to common shareholders - basic		$ 106,361	$ 97,281
Net income attributable to common shareholders - diluted		$ 106,361	$ 97,281
Weighted average common shares/units outstanding for basic EPS/EPU		184,678,000	171,212,000
Weighted average common shares/units outstanding for diluted EPS/EPU	[1]	184,770,000	171,494,000
Net income per common share - basic		$ 0.58	$ 0.57
Net income per common share - diluted		$ 0.58	$ 0.57
Continuing Operations [Member] | Partnership Interest [Member]
Earnings Per Share Basic [Line Items]
Net income attributable to common shareholders - basic		$ 107,003	$ 97,701
Net income attributable to common shareholders - diluted		$ 107,003	$ 97,701
Weighted average common shares/units outstanding for basic EPS/EPU		185,779,000	171,953,000
Weighted average common shares/units outstanding for diluted EPS/EPU	[2]	185,872,000	172,235,000
Net income per common share - basic		$ 0.58	$ 0.57
Net income per common share - diluted		$ 0.58	$ 0.57
[1] Includes the dilutive impact of unvested restricted stock. Includes the dilutive impact of unvested restricted stock.

Commitments and Contingencies (

Commitments and Contingencies (Details) - USD ($) $ in Millions	Mar. 31, 2024	Dec. 31, 2023
Loss Contingencies [Line Items]
Accrued liabilities for environmental remediation	$ 15.9	$ 16.5
Environmental Loss Contingency, Statement of Financial Position [Extensible Enumeration]	Accounts Payable and Accrued Liabilities	Accounts Payable and Accrued Liabilities
Line of Credit Facility, Maximum Borrowing Capacity	$ 50
Letters of Credit Outstanding, Amount	$ 8.5	$ 8.5